Itr Gol 2Q21 - en

Parent Company and Consolidated
Quarterly Information (ITR)
GOL Linhas Aéreas Inteligentes S.A.

June 30, 2021
with Review Report on the Quarterly Information
Gol Linhas Aéreas Inteligentes S.A.
Parent Company and Consolidated Quarterly Information (ITR)

June 30, 2021
Contents
Comments on the Performance .......................................................................... 2

Report of the Statutory Audit Committee (SAC) ....................................................... 6
Statement of the Executive officers on the Parent Company and Consolidated Quarterly
Information (ITR) ........................................................................................... 7
Statement of the Executive officers on the Independent Auditors’ Review Report .............. 8
Review Report of the Independent Auditors on the Quarterly Information (ITR) ................. 9
Balance Sheets.............................................................................................. 11
Income Statements ........................................................................................ 13
Statements of Comprehensive Income (SCI)............................................................ 15
Statements of Changes in Shareholders’ Equity (SCSE) ............................................... 16
Statements of Cash Flows (SCF) .......................................................................... 17
Statements of Value Added (SVA)........................................................................ 19
Notes to the Parent Company and Consolidated Quarterly Information (ITR)..................... 20
Comments on the Performance
GOL is intensely focused on improving its operations as the Company restores its network to meet the ramp-up in
demand. “I am beyond thankful for our employees, the Team of Eagles, who are leading with care, clarity and
confidence, resulting in successful management throughout the crisis, and placing the Company in a solid position
in resuming its operations,” said Kakinoff.
Sales: Consolidated gross sales reached approximately R$1.7 billion in the 2Q21. GOL’s average daily sales reached
R$18 million, which represents around 54% of pre-pandemic sales levels, R$300 million above 1Q21 and at the
same levels of 4Q20. A traditionally weak quarter proved to be a period of recovery for the industry, which
resumed growth in line with the downtrend in cases of Covid-19. During the pandemic, the Company maintained
its guideline to invest in technology, having sustained aircraft occupancy close to 80%, even at the peak of the
crisis, through robust software and data analytics. Furthermore, these investments are an important item in
better pricing the tickets and managing the network.
Network and Fleet: GOL’s fleet currently has 94 737-800 aircraft, 23 737-700 aircraft and 10 Boeing 737 MAX
aircraft. In June, the Company started operating the Boeing 737 MAX 8 in Congonhas, São Paulo, one of the most
important and busiest airports in the country. As a result of its flexibility, GOL's network was redesigned with a
focus on leisure demand, mainly in the Northeast, through the Salvador hub.
“We continue to prove that our standardized and flexible fleet is still the best strategy to meet demand
fluctuations. We are getting greater value from our network than other carriers, and resuming operations with
increased quality when compared to the pre-pandemic period. We also have fewer route overlaps with
competitors, and can adjust our frequencies in booming markets almost instantaneously,” commented Celso
Ferrer, Vice President of Operations.
GOL recently announced the acquisition of MAP Linhas Aéreas, a Brazilian domestic airline with routes to regional
destinations, and from Congonhas Airport, to expand its network and capacity as it seeks to revitalize demand for
leisure and business travel. With the acquisition, the Company further invests in the regional air transport market,
especially in the Amazonia region. GOL maintains its traditional flexibility since there are no commitments
regarding its fleet and staff.
“We believe that the acquisition of MAP is currently the best opportunity for rational consolidation in the Brazilian
aviation market. From now on, we will remain focused on our organic growth strategy, stimulating demand in the
business and leisure segments as Brazil emerges from the pandemic in order to expand our network,” added
Kakinoff.
Customer experience: The Company stands out for human and intelligent relationships, which are important
drivers that provide the best experience for Customers. “With technology as a major ally, the experience of flying
with GOL is increasingly faster, simpler, and more independent. We remain the best choice for leisure and business
travel,” said Eduardo Bernardes, Vice President of Sales, Marketing and Clients.
GOL’s Net Promoter Score (NPS) reached 43 in the 2Q21, a solid metric resulting from the best-in-market product
and its highly engaged Customer service team.
Liquidity: The Company repaid approximately R$420 million of its principal amortizable debt in the second
quarter of 2021 and, simultaneously, released assets with a fair value of US$250 million, demonstrating its
commitment to strengthening its balance sheet. The acquisition of Smiles’ equity interest held by minority
shareholders will boost cash generation and improve GOL’s creditworthiness.
Considering the amounts fundable from deposits and unencumbered assets, the Company’s potential sources of
liquidity resulted in approximately R$5 billion of accessible liquidity. The average maturity of GOL’s long-term
debt, excluding aircraft leases and perpetual notes, is approximately 3.4 years, with the main obligations already
allocated to GOL’s cash flow. The net debt ratio (excluding Exchangeable Notes and perpetual bonds) to adjusted
LTM EBITDA was 10.1x on June 30, 2021, representing the lowest leverage among its peers.
Furthermore, the Company has been working to strengthen margins, and has kept its fixed-costs low compared
to the pre-pandemic period, in addition to converting its fixed payroll and leasing costs to variable. The strong
and agile response to the pandemic in terms of liquidity was possible due to the work of strengthening the balance
sheet over the last 5 years, which the Company has carried out diligently and continuously.
“Even in an atypical year, GOL stands out among the few global airlines for repaying approximately R$6.0 billion
in debt since the beginning of 2020, its disciplined liquidity management and its ability to get value from the
current assets. This strategy enables GOL to focus on growing with profitability, leaving the crisis with a lighter
and stronger balance sheet, compared to its competitors,” said Richard Lark, Chief Financial Officer. “The
absorption of Smiles’ loyalty program, together with the capital increase led by the controlling shareholders
totaled approximately R$1.0 billion in new equity capital.”
2
Leasing: During the second quarter, GOL maintained flexibility for the duration of its fixed monthly payments
contracts remaining variable (power-by-the-hour). The agreements signed with its lessors allow the extension of
the deferrals in order to be adjusted proportionally to the recovery of capacity during the year 2021, which
enables a lower volume of payments. The efficient management of the lease contracts allowed the Company to
record the lowest fleet indebtedness among local peers, and with the lowest commitment of dollars per aircraft.
Sustainability: GOL invests in several initiatives to mitigate its impacts, and it is the first airline in Latin America
to affirm its commitment to zero carbon emissions by 2050, by using SAFs (Sustainable Aviation Fuels), and through
operational and technical improvements that reduce GHG (Greenhouse Gases) emissions, in line with the
guidelines of IATA and the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Furthermore, it is the first airline to offer its passengers the option to offset carbon from their travels through a
partnership with Moss, an environmental carbon credit platform. The emissions are offset with MCO2, a global
token backed by blockchain, which offsets carbon emissions by supporting certified environmental projects in the
Amazon.
Operating and Financial Indicators

2
Traffic Data – GOL (in Millions) 2Q20 % Var. 6M21 6M20 % Var.
Q21
RPK GOL – Total 3,432 773 344.0% 9,024 10,721 -15.8%
RPK GOL – Domestic 3,432 771 345.1% 9,024 9,431 -4.3%
RPK GOL – International - 2 NM - 1,290 NM
ASK GOL – Total 4,033 990 307.4% 11,032 13,452 -18.0%
ASK GOL – Domestic 4,033 986 309.0% 11,032 11,668 -5.5%
ASK GOL – International - 4 NM - 1,784 NM
GOL Load Factor – Total 85.1% 78.1% 7.0 p.p. 81.8% 79.7% 2.1 p.p.
GOL Load Factor – Domestic 85.1% 78.2% 6.9 p.p. 81.8% 80.8% 1.0 p.p.
GOL Load Factor – International - 56.2% NM 0.0% 72.3% NM
2
Operating Data 2Q20 % Var. 6M21 6M20 % Var.
Q21
Revenue Passengers - Pax on Board ('000) 2,922 627 NM 7,417 8,973 -17.3%
Aircraft Utilization (Block Hours/Day) 8.0 6.5 23.1% 9.0 11.4 -21.1%
Departures 19,662 5,146 282.1% 52,459 68,102 -23.0%
Total Seats (‘000) 3,504 821 326.8% 9,248 11,655 -20.7%
Average Stage Length (km) 1,142 1,177 -3.0% 1,182 1,139 3.8%
Fuel Consumption (mm liters) 113 30 276.7% 305 393 -22.4%
Full-time Employees (at Period End) 13,754 15,981 -13.9% 13,754 15,981 -13.9%
Average Operating Fleet(6) 53 17 211.8% 65 65 0.0%
On-time Departures 96.3% 96.1% 0.2 p.p. 96.3% 96.9% -0.6 p.p.
Flight Completion 99.0% 94.2% 4.8 p.p. 98.6% 97.3% 1.3 p.p.
Passenger Complaints (per 1,000 pax) 1.35 5.99 -77.5% 0.97 4.53 -78.6%
Lost Baggage (per 1,000 pax) 1.89 2.07 -8.7% 1.86 2.21 -15.8%
2
Financial Information 2Q20 % Var. 6M21 6M20 % Var.
Q21
Net YIELD (R$ cents) 25.86 31.48 -17.9% 25.53 29.71 -14.1%
Net PRASK (R$ cents) 22.01 24.58 -10.5% 20.88 23.67 -11.8%
Net RASK (R$ cents) 25.50 36.15 -29.5% 23.53 26.06 -9.7%
CASK (R$ cents)(4) 42.47 79.16 -46.3% 32.87 22.25 47.7%
CASK Ex-Fuel (R$ cents)(4) 33.14 65.44 -49.4% 24.33 13.80 76.3%
Adjusted CASK(6) 21.94 34.09 -35.6% 20.34 18.93 7.4%
Adjusted CASK(6) Ex-Fuel (R$ cents)(4) 12.95 28.11 -53.9% 12.32 11.05 11.5%
Breakeven Load Factor(4) NM NM NM NM NM NM
Average Exchange Rate(1) 5.2907 5.3854 -1.8% 5.3862 4.9218 9.4%
End of Period Exchange Rate(1) 5.0022 5.4760 -8.7% 5.0022 5.4760 -8.7%
WTI (Average per Barrel. US$)(2) 66.10 28.00 136.1% 62.21 36.82 69.0%
Price per Liter Fuel (R$)(3) 3.35 2.19 53.0% 3.00 2.74 9.5%
Gulf Coast Jet Fuel (Average per Liter, US$)(2) 0.46 0.21 119.0% 0.44 0.29 51.7%
(1) Source: Brazilian Central Bank; (2) Source: Bloomberg; (3) Fuel expenses excluding hedge results and PIS/COFINS credits/liters consumed; (4) Excluding
non-recurring expenses and Idle expenses. (5) Average operating fleet excluding aircraft in sub-leasing and MRO. Certain calculations may not match
with the financial statements due to rounding. (6) Considers only expenses related to current operating levels.
Domestic market
GOL’s domestic demand was 3,432 million RPK, an increase of 344.0%, while the ASK supply increased 307.4% compared
to 2Q20, and the load factor reached 85.1% in the quarter. The Company transported 2.9 million Customers in 2Q21,
an increase of 366.0% compared to the same period in 2020.
3
International market
In 2Q21, the Company carried out non-regular charter flights for soccer teams in championships. As most country
borders were closed, GOL did not offer regular international flights.
Volume of Departures and Total Seats

The total volume of the Company’s departures was 19,662, an increase of 282.1% over 2Q20. The total number of seats
available to the market was 3.5 million in the second quarter of 2021, an increase of 326.8% quarter-over-quarter.
PRASK, Yield and RASK

Net PRASK decreased by 10.5% in the quarter when compared to 2Q20, reaching 22.01 cents (R$), mainly due to the
higher volume of ASKs compared to the same period last year. GOL’s net RASK was 25.50 cents (R$) in 2Q21, a decrease
of 29.5% compared to 2Q20 and a 13.8% increase over 1Q21. Net yield decreased 17.9% compared to 2Q20, reaching
25.86 cents (R$), but increase 2.1% when compared to 1Q21.
Fleet
At the end of 2Q21, GOL's total fleet was 127 Boeing 737 aircraft, comprised of 117 NGs and ten (10) MAXs
(operational). At the end of 2Q20, GOL's total fleet was 130 aircraft, of which seven (7) were MAXs (non-
operational). The average age of the Company's fleet was 11.3 years at the end of 2Q21.
GOL does not operate widebody aircraft, and has no aircraft financed via the capital markets, EETCs or finance
leases. Its operating fleet is 100% composed of narrow body aircraft financed via operating leases.
Final 2Q21 2Q20 Var. 1Q21 Var.

B737s 127 130 -3 127 0
B737-7 NG 23 23 0 23 0
B737-8 NG 94 100 -6 96 -2
B737-8 MAX 8 10 7 3 8 2
As of June 31, 2021, GOL had 95 firm orders for the acquisition of Boeing 737 MAX aircraft, of which 73 were
orders for 737 MAX-8 and 22 orders were for 737 MAX-10. The Company's fleet plan returns up to six (6) operational
aircraft by the end of 2021, with the flexibility to return even more aircraft if necessary
Fleet Plain 2021E 2022E 2023E >2024E Total

Operating Fleet at the End of the Year 128 131
Aircraft Commitments (R$ MM) 899.3 3,543.1 19,125.2 23,567.6
During the second quarter, GOL maintained flexibility on its fixed monthly payments via variable (power-by-the-
hour) contracts. The agreements signed with its lessors allow for the extension of deferrals in order to be adjusted
proportionally to the recovery of capacity during 2021. Leasing remeasurement took into account the new
payment flows, the discount rate and the exchange rate on the date of the contractual changes. The calculated
effects were recorded as an increase in the lease liability in the amount of R$47.4 million, with a corresponding
decrease in fixed assets.
Glossary of Industry Terms

• AIRCRAFT LEASING: an agreement through which a company (the lessor) acquires a resource chosen by its client (the
lessee) for subsequent rental to the latter for a determined period.
• AVAILABLE SEAT KILOMETERS (ASK): The aircraft seating capacity is multiplied by the number of kilometers flown.
• BARREL OF WEST TEXAS INTERMEDIATE (WTI): Intermediate oil from Texas, a region that serves as a reference to
the name for concentrating oil exploration in the USA. WTI is used as a reference point in oil for the US derivatives
markets.
• BRENT: Oil produced in the North Sea, traded on the London Stock Exchange and used as a reference in the European
and Asian derivatives markets.
• TOTAL CASH: Total cash, financial investments, and restricted cash in the short- and long-term.
• OPERATING COST PER AVAILABLE SEAT KILOMETER (CASK): operating expenses divided by the total number of
available seat kilometers.
4
• OPERATING COST PER AVAILABLE SEAT KILOMETER EX-FUEL (CASK EX-FUEL): operating cost divided by the total
number of available seat kilometers excluding fuel expenses.
• AVERAGE STAGE LENGTH: It is the average number of kilometers flown per stage performed.
• EXCHANGEABLE SENIOR NOTES (ESN): Securities convertible into shares.
• AIRCRAFT CHARTER: Flight operated by a Company that is out of its normal or regular operation.
• BLOCK HOURS: Time in which the aircraft is in flight, plus taxi time.
• LESSOR: The party renting a property or other asset to another party, the lessee.
• LONG-HAUL FLIGHTS: Long-distance flights (in GOL’s case, flights of more than four hours’ duration).
• REVENUE PASSENGERS: total number of passengers on board who have paid more than 25% of the full flight fare.
• REVENUE PASSENGER KILOMETERS PAID (RPK): sum of the products of the number of paying passengers on a given
flight and the length of the flight.
• PDP: Credit for financing prepayments for the acquisition of aircraft.
• LOAD FACTOR: Percentage of the aircraft’s capacity used in terms of seats (calculated by dividing the RPK/ASK).
• BREAK-EVEN LOAD FACTOR: Load factor required for operating revenues to correspond to operating expenses.
• AIRCRAFT UTILIZATION RATE: Average number of hours per day that the aircraft was in operation.
• PASSENGER REVENUE PER AVAILABLE SEAT KILOMETER (PRASK): total passenger revenue divided by the total
number of available seat kilometers.
• OPERATING REVENUE PER AVAILABLE SEAT KILOMETERS (RASK): The operating revenue is divided by the total
number of available seat kilometers.
• SALE-LEASEBACK: A financial transaction whereby a resource is sold and then leased back, enabling the use of the
resource without owning it.
• SLOT: The right of an aircraft to take off or land at a given airport for a determined period.
• SUB-LEASE: An arrangement whereby a lessor in a rent agreement leases the item rented to a fourth party.
• FREIGHT LOAD FACTOR (FLF): Measure of capacity utilization (% of AFTKs used). Calculated by dividing FTK by AFTK.
• FREIGHT TONNE KILOMETERS (FTK): The demand for cargo transportation, calculated as the weight of the cargo in
tons multiplied by the total distance traveled.
• AVAILABLE FREIGHT TONNE KILOMETER (AFTK): Weight of the cargo in tons multiplied by the kilometers flown.
• YIELD PER PASSENGER KILOMETER: The average value paid by a passenger to fly one kilometer.
Disclaimer
This release contains forward-looking statements relating to the prospects of the business, estimates for
operating and financial income (expenses), and those related to growth prospects of GOL, which are, by
nature, subject to significant risks and uncertainties. The estimates and forecasts in this document involve
known and unknown risks, uncertainties, contingencies, and other factors, many of which are beyond GOL’s
control and which may lead the results, performances, or events to be substantially different from those
expressed or implied in these statements. The forward-looking statements in this document are based on
several assumptions related to GOL’s current and future business strategies and GOL’s future operating
environment and are not a guarantee of future performance. GOL does not issue any statement or provide
any guarantee that the results anticipated by the estimates in this document will be equivalent to those
effectively achieved by GOL. Although GOL believes that the estimates here are reasonable, they may prove
incorrect, and the final results may differ. These are merely estimates and projections and, as such, are
based exclusively on management’s expectations for GOL. Such forward-looking statements depend,
substantially, on external factors and risks presented in the disclosure documents filed by GOL, apply
exclusively to the date they were issued and are, therefore, subject to change without prior notice.
Non-Accounting Measures
To be consistent with industry practice, the Company discloses so-called non-GAAP financial measures,
which are not recognized under IFRS or other accounting standards, including “Net Debt”, “Total Liquidity”
and “EBITDA”. GOL’s Management believes that disclosure of non-GAAP measures provides useful
information to investors, financial analysts, and the public in their review of its operating performance and
their comparison of its operating performance to the operating performance of other airlines and other
industries. However, these non-GAAP items do not have standardized meanings and may not be directly
comparable to similarly-titled items adopted by other companies. Potential investors should not rely on
information not recognized under IFRS as a substitute for the GAAP measures of earnings or liquidity in
making an investment decision.
5
Report of the Statutory Audit Committee (“SAC”)
The Statutory Audit Committee of Gol Linhas Aéreas Inteligentes S.A., in compliance with its legal
and statutory obligations, has reviewed the Parent Company and Consolidated Quarterly
Information (ITR) for the three-month and sixth-month periods ended June 30, 2021. Based on the
procedures we have undertaken and considering the independent auditors’ review report issued
by Grant Thornton Auditores Independentes and the information and explanations we have
received during the quarter, we conclude that these documents can be submitted to the
assessment of the Board of Directors.
São Paulo, July 28, 2021
André Béla Jánszky

Member of the Statutory Audit Committee
Antônio Kandir
Germán Pasquale Quiroga Vilardo

6
Statement of the Executive Officers on the Parent Company and Consolidated
Quarterly Information (ITR)
Under the provisions of CVM Instruction 480/09, the executive officers state that they have
discussed, reviewed, and approved the Parent Company and Consolidated Quarterly Information
(ITR) for the three-month and sixth-month periods ended June 30, 2021.
Paulo Sérgio Kakinoff

Chief Executive Officer
Richard Freeman Lark Jr.

Executive Vice President, Chief Financial Officer, and Investor Relations Officer
7
Statement of the Executive officers on the Independent Auditors’ Review
Report
Under the provisions of CVM Instruction 480/09, the Executive Board states that it has discussed,
reviewed, and agreed with the conclusion of the review report from the independent auditor, Grant
Thornton Auditores Independentes, on the Parent Company and Consolidated Quarterly Information
(ITR) for the three-month and sixth-month periods ended June 30, 2021.
Paulo Sérgio Kakinoff

Chief Executive Officer
Richard Freeman Lark Jr.

Executive Vice President, Chief Financial Officer, and Investor Relations Officer
8
(Free translation from the original issued in Portuguese. In the event of any discrepancies, the Portuguese
language version shall prevail.)
Independent auditor’s report on

review of interim financial information
Grant Thornton Auditores
Independentes
Av. Eng. Luís Carlos Berrini, 105 - 12o

andar Itaim Bibi, São Paulo (SP) Brasil
T +55 11 3886-5100
To the Board of directors and shareholders of

Gol Linhas Aéreas Inteligentes S.A.
São Paulo – SP
Introduction
We have reviewed the accompanying individual and consolidated interim financial information of Gol
Linhas Aéreas Inteligentes S.A. (the Company), comprised in the Quarterly Information Form for the
quarter ended June 30, 2021, comprising the balance sheet as of June 30, 2021 and the respective
statements of income and of comprehensive income for the periods of three and six months then ended
and of changes in shareholders’ equity and of cash flows for the period of six months then ended,
including the footnotes.
Management is responsible for the preparation of the individual interim financial information in accordance
with the NBC TG 21 – Interim Financial Reporting and of the consolidated interim financial information in
accordance with the NBC TG 21 and with the international standard IAS 34 – Interim Financial Reporting,
as issued by the International Accounting Standards Board (Iasb), such as for the presentation of these
information in accordance with the standards issued by the Brazilian Exchange Securities Commission,
applicable to the preparation of interim financial information. Our responsibility is to express a conclusion
on this interim financial information based on our review.
Review scope
We conducted our review in accordance with the Brazilian and International standards on reviews of
interim information (NBC TR 2410 – Review of Interim Financial Information Performed by the
Independent Auditor of the Entity and ISRE 2410 – Review of Interim Financial Information Performed by
the Independent Auditor of the Entity, respectively). The review of interim information consists of making
inquiries, primarily of persons responsible for the financial and accounting matters and applying analytical
and other review procedures. A review is substantially less in scope than an audit conducted in
accordance with the audit standards and, consequently, does not enable us to obtain assurance that we
would become aware of all significant matters that might be identified in an audit. Accordingly, we do not
express an audit opinion.
Conclusion on the individual interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the individual interim
financial information included in the quarterly information form referred to above has not been prepared, in
all material respects, in accordance with NBC TG 21 applicable to the preparation of interim financial
information, and presented in accordance with the standards issued by the Brazilian Securities and
Exchange Commission.
© 2021 Grant Thornton Auditores Independentes. All rights reserved │ GLAI 9

Conclusion on the consolidated interim financial information
Based on our review, nothing has come to our attention that causes us to believe that the consolidated
interim financial information included in the quarterly information form referred to above has not been
prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation
of interim financial information, and presented in accordance with the standards issued by the Brazilian
Securities and Exchange Commission.
Emphasis of matter
Significant uncertainty as to the ability to continue as a going concern
We draw attention to Note 1, which states that the individual and consolidated interim financial information
were prepared under the assumption of going concern. As described in the aforementioned note, the
Company has faced recurring reductions in operations, mainly due to the effects of the COVID-19
pandemic, with a significant decrease in demand (a 28% reduction in passengers revenues in the first
semester of 2021 compared to the first semester quarter of 2020), and recorded net working capital deficit
and equity deficiency as of June 30, 2021 which, together with other events and conditions, indicate the
existence of material uncertainty that may cast significant doubt about the Company’s ability to continue
as a going concern. The plans and actions being developed by Management to restore the Company’s
financial economic balance and financial position are described in Note 1. The individual and consolidated
interim financial information do not include any adjustment that may arise from the result of such
uncertainty. Our review conclusion is not qualified regarding this matter.
Other matters
Statements of value added
The quarterly information referred to above includes the individual and consolidated statements of value
added for the period of six months ended June 30, 2021, prepared under the responsibility of the
Company's management and presented as supplementary information for the purposes of IAS 34.
These statements were submitted to the same review procedures in conjunction with the review of the
Company's interim financial information in order to conclude they are reconciliated to the interim financial
information and to the accounting records, as applicable, and whether the structure and content are in
accordance with the criteria established in the NBC TG 09 - Statement of Value Added. Based on our
review, nothing has come to our attention that causes us to believe that the accompanying statements of
value added were not prepared, in all material respects, in accordance with the individual and
consolidated interim financial information taken as a whole.
Octavio Zampirollo Neto

Assurance Partner
Grant Thornton Auditores Independentes
© 2021 Grant Thornton Auditores Independentes. All rights reserved │ GLAI 10

Balance Sheets
June 30, 2021 and December 31, 2020
B
alance Sheet
Parent Company Consolidated

December December
Assets Note June 30, 2021 31, 2020 June 30, 2021 31, 2020
Current
Cash and Cash Equivalents 6 448,648 423,937 760,269 662,830
Financial Investments 7 103 236 22,838 628,343
Restricted Cash 8 4,442 4,194 269,131 355,769
Trade Receivables 9 - - 717,408 739,699
Inventories 10 - - 212,814 195,638
Advances to Suppliers and Third-Parties 11 53 10,441 198,813 318,769
Taxes to Recover 12 1,627 6,295 265,357 186,955
Rights from Derivative Transactions 34.2 - - - 12,526
Dividends and Interest on Shareholders’
Equity to Receive - 24,120 - -
Other Credits 9,109 9,640 123,531 144,822
Total Current 463,982 478,863 2,570,161 3,245,351
Noncurrent
Financial Investments 7 - - 168 992
Restricted Cash 8 3 7 44,684 188,838
Deposits 14 46,902 118,261 1,856,128 2,058,455
Advances to Suppliers 11 - - 97,417 89,701
Taxes to Recover 12 15,260 12,102 114,120 318,404
Deferred Taxes 13 53,542 53,492 53,772 53,563
Other Credits - - 31,889 34,338
Credits with Related Parties 28.1 5,985,898 4,897,331 - -
Rights from Derivative Transactions 34.2 63,574 87,663 63,574 116,283
Investments 15 - 574,717 - 815
Property, Plant & Equipment 16 168,499 68,660 4,979,649 4,960,288
Intangible Assets 17 - - 1,757,598 1,747,108
Total Noncurrent 6,333,678 5,812,233 8,998,999 9,568,785
Total 6,797,660 6,291,096 11,569,160 12,814,136
The accompanying notes are an integral part of the Parent Company and Consolidated Quarterly
Information (ITR).
11
Balance Sheets
June 30, 2021 and December 31, 2020

December December 31,
Liabilities Note June 30, 2021 31, 2020 June 30, 2021 2020
Current
Loans and Financing 18 147,278 638,964 1,773,004 2,353,279
Leases to Pay 19 - - 1,864,831 1,317,008
Suppliers 20 64,573 72,702 1,562,946 1,612,536
Labor Obligations 169 181 351,203 334,670
Taxes to Collect 21 358 292 61,279 73,614
Landing Fees - - 937,371 907,958
Advance Ticket Sales 22 - - 1,999,013 2,050,799
Frequent-Flyer Program 23 - - 1,280,022 1,258,502
Advances from Customers - - 54,878 27,897
Provisions 24 - - 252,046 169,381
Obligations with Derivative Transactions 34.2 - - - 5,297
Other Liabilities 53 - 381,582 287,275
Total Current 212,431 712,139 10,518,175 10,398,216
Noncurrent
Loans and Financing 18 8,095,433 6,990,749 8,521,006 7,623,687
Leases to Pay 19 - - 5,831,098 6,267,184
Suppliers 20 - - 10,234 32,658
Labor Obligations - - 30,239 -
Taxes to Collect 21 - - 28,039 32,362
Frequent-Flyer Program 23 - - 344,760 322,460
Provisions 24 - - 1,363,988 1,353,515
Deferred Taxes 13 - - 206,695 219,634
Obligations to Related Parties 28.1 12,693 8,791 - -
Provision for Investment Losses 15 13,795,822 12,670,479 - -
Other Liabilities 427,581 316,030 461,226 331,479
Total Noncurrent 22,331,529 19,986,049 16,797,285 16,182,979
Shareholders’ Equity
Share Capital 25.1 4,039,336 3,009,436 4,039,336 3,009,436
Shares to Issue 2,088 1,180 2,088 1,180
Treasury Shares 25.2 (41,514) (62,215) (41,514) (62,215)
Capital Reserves 195,680 207,246 195,680 207,246
Equity Valuation Adjustments (1,071,030) (577,369) (1,071,030) (577,369)
Accumulated Losses (18,870,860) (16,985,370) (18,870,860) (16,985,370)
Negative Shareholders’ Equity (Deficit)
Attributable to the Parent Company (15,746,300) (14,407,092) (15,746,300) (14,407,092)
Non-Controlling Shareholders - - - 640,033

Total Shareholders’ Equity (Deficit) (15,746,300) (14,407,092) (15,746,300) (13,767,059)
Total 6,797,660 6,291,096 11,569,160 12,814,136
The accompanying notes are an integral part of the Parent Company and Consolidated Quarterly
Information (ITR).
12
Statements of Comprehensive Income (Expenses)
Quarters ended June 30, 2021 and 2020
(In thousands of Brazilian Reais - R$)
D RE
Parent Company
Three-month period ended Six-month period ended
June 30, June 30, June 30, June 30,
Note 2021 2020 2021 2020
Operating Revenue (Expenses)

Selling Expenses (393) - (393) -
Administrative Expenses (76,835) (2,171) (104,415) (7,170)
Other Revenues and Expenses, Net (9) (49) 480 376,259
Total Operating Expenses 30 (77,237) (2,220) (104,328) 369,089
Equity Income (Expenses) 15 387,393 (1,572,913) (1,709,777) (3,790,552)
Operating Profit (Loss) before Financial

Income (Expenses) and Income Taxes 310,156 (1,575,133) (1,814,105) (3,421,463)
Financial Income (Expenses)

Financial Revenue 43,039 149,228 194,859 766,144
Financial Expenses (167,066) (406,941) (402,417) (741,200)
Financial Revenues (Expenses), Net 31 (124,027) (257,713) (207,558) 24,944
Financial Income (Expenses) before

Exchange Rate Change, Net and before
Income Tax and Social Contribution 186,129 (1,832,846) (2,021,663) (3,396,519)
Exchange Rate Change, Net 31 460,872 (161,161) 136,123 (882,424)
Loss before Income Tax and Social

Contribution 647,001 (1,994,007) (1,885,540) (4,278,943)
Income Tax and Social Contribution

Current - (2,030) - (3,078)
Deferred (4,088) (876) 50 (3,161)
Total Income Tax and Social Contribution 13 (4,088) (2,906) 50 (6,239)
Net Profit (Loss) for the Period 642,913 (1,996,913) (1,885,490) (4,285,182)
Basic Net Profit (Loss) 26

Per Common Share 0.050 (0.169) (0.149) (0.362)
Per Preferred Share 1.768 (7.222) (5.253) (12.668)
Diluted Net Profit (Loss) 26

Per Common Share 0.050 (0.169) (0.149) (0.362)
The accompanying notes are an integral part of the parent company and consolidated interim
financial information.
13
Consolidated
Note 2021 2020 2021 2020
Net Revenue
Passenger Transportation 887,574 243,303 2,303,852 3,184,636
Cargo and Others 140,798 114,545 292,147 320,939
Total Net Revenue 29 1,028,372 357,848 2,595,999 3,505,575
Cost from Services 30 (1,243,943) (502,006) (2,879,188) (3,081,916)

Gross Profit (Loss) (215,571) (144,158) (283,189) 423,659
Operating Revenue (Expenses)

Selling Expenses (101,046) (66,217) (204,825) (235,174)
Administrative Expenses (432,030) (239,440) (795,223) (567,717)
Other Revenues and Expenses, Net (61,602) (447,785) (49,516) 507,053
Total Operating Expenses 30 (594,678) (753,442) (1,049,564) (295,838)
Operating Profit (Loss) before Financial

Income (Expenses) and Income Taxes (810,249) (897,600) (1,332,753) 127,821
Financial Income (Expenses)

Financial Revenue 20,231 196,401 163,651 894,647
Financial Expenses (478,857) (722,757) (1,047,355) (1,721,213)
Financial Revenues (Expenses), Net 31 (458,626) (526,356) (883,704) (826,566)
Financial Income (Expenses) before

Exchange Rate Change, Net and before
Income Tax and Social Contribution (1,268,875) (1,423,956) (2,216,457) (698,745)
Exchange Rate Change, Net 31 1,938,545 (570,024) 401,305 (3,513,428)
Loss before Income Tax and Social

Contribution 669,670 (1,993,980) (1,815,152) (4,212,173)
Income Tax and Social Contribution

Current (16,757) (11,580) (45,588) (35,853)
Deferred 5,122 8,479 12,984 (10,664)
Total Income Tax and Social Contribution 13 (11,635) (3,101) (32,604) (46,517)
Net Profit (Loss) for the Period 658,035 (1,997,081) (1,847,756) (4,258,690)
Net Profit (Loss) attributable to:

Shareholders of the Parent Company 642,913 (1,996,913) (1,885,490) (4,285,182)
Non-Controlling Shareholders 15,122 (168) 37,734 26,492
Basic Net Profit (Loss) 26

Per Common Share 0.050 (0.169) (0.149) (0.362)
Diluted Net Profit (Loss) 26

Per Common Share 0.050 (0.169) (0.149) (0.362)
14
Parent Company
June 30, June 30,
June 30, 2021 June 30, 2020 2021 2020
Net Profit (Loss) for the period 642,913 (1,996,913) (1,885,490) (4,285,182)
Other Comprehensive Income that will be

Reversed to Income (Expenses)
Cash Flow Hedge, Net of Income Tax and
Social Contribution 319,060 (1,060) 415,782 (1,078,349)
Actuarial losses from pension plans and post-
employment benefits - 27,287 - 27,287
Cumulative Adjustment of Conversion into
Subsidiaries 521 (275) 537 (275)
319,581 25,952 416,319 (1,051,337)
Total Comprehensive Income (Expenses)

for the Period 962,494 (1,970,961) (1,469,171) (5,336,519)
Consolidated
June 30, June 30,
June 30, 2021 June 30, 2020 2021 2020
Net Profit (Loss) for the period 658,035 (1,997,081) (1,847,756) (4,258,690)
Other Comprehensive Income that will be

Reversed to Income (Expenses)
Cash Flow Hedge, Net of Income Tax and
Social Contribution 319,060 (1,060) 415,782 (1,078,349)
Actuarial losses from pension plans and post-
employment benefits - 27,287 - 27,287
Cumulative Adjustment of Conversion into
Subsidiaries 780 (275) 808 (275)
319,840 25,952 416,590 (1,051,337)
Total Comprehensive Income (Expenses)

for the Period 977,875 (1,971,129) (1,431,166) (5,310,027)
Comprehensive Income (Expenses)

attributable to:
Shareholders of the Parent Company 962,494 (1,970,961) (1,469,171) (5,336,519)
Non-Controlling Shareholders 15,381 (168) 38,005 26,492
15
Statements of Changes in Shareholders’ Equity
Periods ended June 30, 2021 and 2020
D MPL

Capital
reserves Equity valuation adjustments
Deficit
Bonus on Special attributable to Smiles’
transfer of premium Post- Other Gains on shareholders’ non-
Share Shares to Treasury stock reserve of Share-based Unrealized Employment comprehens change in Accumulated equity of the controlling
Capital be issued shares options subsidiary payments hedge gains Benefit ive income investment losses parent company interests Total
Balances as of December 31, 2019 3,008,178 584 (102,543) 17,497 83,229 124,550 (530,043) (41,045) - 759,335 (10,996,413) (7,676,671) 571,254 (7,105,417)
Other comprehensive income (loss), net - - - - - - (1,078,349) 27,287 (275) - - (1,051,337) (278) (1,051,615)
Net Profit (Loss) for the period - - - - - - - - - (4,285,182) (4,285,182) 26,492 (4,258,690)
Total Comprehensive Income Loss for the period - - - - - - (1,078,349) 27,287 (275) - (4,285,182) (5,336,519) 26,214 (5,310,305)
Capital increase per option period
options 727 (727) - - - - - - - - - - - -
Advances for future capital increase - 278 - - - - - - - - 278 - 278
Treasury shares transferred - - 40,007 - - (40,007) - - - - - - - -
Equity interest dilution effects - - - - 548 - - - - - (690) (142) - (142)
Stock option exercised - - - - - 10,405 - - - - - 10,405 328 10,733
Balances as of June 30, 2020 3,008,905 135 (62,536) 17,497 83,777 94,948 (1,608,392) (13,758) (275) 759,335 (15,282,285) (13,002,649) 597,796 (12,404,853)
Balances as of December 31, 2020 3,009,436 1,180 (62,215) 17,497 83,229 106,520 (1,311,076) (26,669) 564 759,812 (16,985,370) (14,407,092) 640,033 (13,767,059)
Other comprehensive income (loss), net - - - - - - 415,782 - 537 - - 416,319 271 416,590
Net Profit (Loss) for the period - - - - - - - - - - (1,885,490) (1,885,490) 37,734 (1,847,756)
Total Comprehensive Income Loss for the period - - - - - - 415,782 - 537 - (1,885,490) (1,469,171) 38,005 (1,431,166)
Stock option exercised - - - - - 8,547 - - - - - 8,547 263 8,810
Capital increase per stock
options period - 908 - - - - - - - - - 908 - 908
Dividends and interest shareholders on equity paid
by Smiles - - - - - - - - - - - - (236,992) (236,992)
Treasury shares sold - - 867 (279) - - - - - - - 588 - 588
Treasury shares transferred - - 19,834 (6,198) - (13,636) - - - - - - - -
Acquisition of shares from non-controlling
shareholders 606,839 - - 744,450 - - - - - (909,980) - 441,309 (441,309) -
Preferred shares withdrawn - - - (744,450) - - - - - - - (744,450) - (744,450)
Capital increase 423,061 - - - - - - - - - - 423,061 - 423,061
Balances as of June 30, 2021 4,039,336 2,088 (41,514) 11,020 83,229 101,431 (895,294) (26,669) 1,101 (150,168) (18,870,860) (15,746,300) - (15,746,300)
The accompanying notes are an integral part of the parent company and consolidated interim financial information.
16
Cash Flow Statements

June 30,
June 30, 2021 June 30, 2020 2021 June 30, 2020
Net loss for the period (1,885,490) (4,285,182) (1,847,756) (4,258,690)

Adjustment to reconcile net (loss) income to net cash
provided by operating activities
Depreciation – Aeronautical ROUs - - 280,221 452,342
Depreciation and amortization - Other - - 354,417 566,239
Allowance (reversal) for doubtful accounts - - (1,081) 1,440
Provision for legal proceedings - - 154,604 113,569
Provision for inventory obsolescence - - 54 73
Provision for losses with supplier advances - (4,640)
Recovery of extemporaneous credits - - (57,422) (126,675)
Adjustment to present value of assets and liabilities - - 36,529 27,443
Deferred taxes (50) 3,161 (12,984) 10,664
Equity 1,709,777 3,790,552 - -
Share-based payments - - 8,810 10,405
Leaseback - - - (112,591)
Actuarial Losses from post-employment benefits - - 8,707 6,005
Exchange and monetary variations, net (135,204) 1,455,387 (398,198) 3,439,014
Interest on debt and financial lease 335,048 186,192 898,511 660,101
Provision for aircraft and engine return - - 157,892 81,227
Provision for maintenance reserve 63,361 - 176,363 75,276
Results of derivatives recognized in the statement of income 21,587 119,528 80,357 690,643
Unrealized hedge results – ESN(*) (124,954) (409,136) (124,954) (409,136)
Provision for labor obligations - - 94,490 53,091
Disposals of property, plant and equipment and intangible assets - 108,538 1,583 33,489
Other provisions (537) 213 (2,240) 45,579
Adjusted Net Income (16,462) 969,253 (196,737) 1,359,508
Changes in operating assets and liabilities:

Trade receivables - - 20,192 705,431
Short-term investments 1,376 511 15,987 121,002
Inventories - - (17,230) (19,029)
Advance to suppliers and third parties 10,388 (14) 116,881 (69,469)
Deposits 5,438 (1,522) (35,040) (189,850)
Recoverable taxes 1,510 6,968 183,304 (3,651)
Variable Leases - - 17,794 -
Suppliers (8,632) (4,042) (48,721) 215,317
Suppliers - forfaiting - - - (152,162)
Advance from ticket sales - - (51,786) (383,879)
Mileage program - - 43,820 353,313
Advances from customers - - 26,981 (2,401)
Labor Charges (12) (100) (47,718) (96,675)
Landing fees - - 29,413 (39,134)
Taxes obligation 66 (17,597) 23,814 2,236
Derivatives liabilities - - 133,331 (545,300)
Payments for lawsuits and aircraft return - - (237,982) (103,964)
Other assets (liabilities) 119,365 2,537 270,934 (51,676)
Interest paid (326,520) (223,770) (378,944) (281,153)
Income tax paid - (2,665) (40,472) (29,176)
Net Cash Provided (Consumed) by Operating Activities (213,483) 729,559 (172,179) 789,288
17
Cash Flow Statements

June 30, June 30,
2021 June 30, 2020 2021 June 30, 2020
Receivable loans from related parties (1,196,212) (1,604,676) - -

Investments in subsidiary - - 606,115 (483,112)
Restricted cash (244) 41 32,522 (529,874)
Receipt of Dividends and Interest on Shareholders’ Equity through
Subsidiary 287,128 15,002 - -
Advances for future capital increases in controlled entities (151,000) - - -
Advances for property, plant and equipment acquisition, net - - (29,377) (56,782)
Property, plant and equipment acquisitions (111,429) (8,904) (104,276) (450,142)
Return – PDP – Boeing Agreement 11,590 136,962 11,590 136,962
Acquisition of intangible assets - - (51,877) (32,366)
Net cash flows used in investing activities (1,160,167) (1,461,575) 464,697 (1,415,314)
Loan funding 1,501,569 - 1,512,521 449,062

Loan and financing payments (499,663) (405,878) (572,792) (699,748)
Lease payments – aeronautical - - (515,891) (517,795)
Lease payments - other (9,007) (10,107)
(Payment) derivative receipt - - - 21,800
Disposal of treasury shares 588 - 588 -
Acquisition of shares from non-controlling shareholders - - (744,450) -
Dividends and interest paid to non-controlling shareholders - - (260,131) (14,811)
Capital increase from shareholders 423,061 - 423,061 -
Shares to be issued 908 278 908 278
Net cash flows (used in) from financing activities 1,426,463 (405,600) (165,193) (771,321)
Exchange variation on cash held in foreign currencies (28,102) 146,028 (29,886) 167,814
Net cash (decrease) increase and

cash equivalents 24,711 (991,588) 97,439 (1,229,533)
Cash and cash equivalents at the beginning of the period 423,937 1,016,746 662,830 1,645,425
Cash and cash equivalents at the end of the period 448,648 25,158 760,269 415,892
(*) Exchangeable Senior Notes.

Transactions that do not affect cash are presented in Note 35 of these financial
statements.
18
Statement of Value Added

June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020
Revenues
Passengers, cargo and other - - 2,735,660 3,650,199
Other operating revenues 480 376,259 93,373 542,014
Allowance for doubtful accounts - - 1,081 (1,439)
480 376,259 2,830,114 4,190,774
Inputs acquired from third parties (including ICMS and IPI)
Suppliers of aircraft fuel - - (972,651) (1,181,699)
Materials, energy, outsourced services and others (94,825) (5,291) (1,301,860) (814,132)
Aircraft insurance - - (24,381) (18,697)
Sales and marketing (345) (366) (129,577) (161,042)
Gross value added (distributed) (94,690) 370,602 401,645 2,015,204
Depreciation – aeronautical ROUs - - (280,221) (452,342)

Depreciation and amortization - other - - (354,417) (566,239)
Value added (distributed) produced (94,690) 370,602 (232,993) 996,623
Value-added received in transfer

Result of equity income (1,709,777) (3,790,552) - -
Financial income 239,992 766,144 217,649 894,647
Value added (distributed) for distribution (1,564,475) (2,653,806) (15,344) 1,891,270
Distribution of value-added:
Salaries 9,417 1,048 674,093 540,024
Benefits - 1 100,975 83,237
FGTS - - 37,742 16,748
Personnel 9,417 1,049 812,810 640,009
Federal taxes 1,875 6,755 269,796 251,867

State taxes - - 7,461 7,130
Municipal taxes - - 1,218 1,857
Tax, charges and contributions 1,875 6,755 278,475 260,854
Interest and Exchange rate variation – aeronautical leases 309,723 1,623,572 145,646 2,390,077
Interest and Exchange rate variation – other 539,459 2,828,305
Rent - - 55,860 29,418
Other - - 162 1,297
Third-party capital remuneration 309,723 1,623,572 741,127 5,249,097
Net loss for the period (1,885,490) (4,285,182) (1,885,490) (4,285,182)

Net income (loss) for the period attributable to non-controlling
interests - - 37,734 26,492
Remuneration of own capital (1,885,490) (4,285,182) (1,847,756) (4,258,690)
Value added (distributed) for distribution (1,564,475) (2,653,806) (15,344) 1,891,270
19
Notes on the Parent Company and Consolidated Quarterly
Information (ITR)
June 30, 2021
(In thousands of Brazilian Reais - R$, except when otherwise indicated)
1. Operating Context
Gol Linhas Aéreas Inteligentes S.A. (“Company” or “GOL”) is a limited liability company
incorporated on March 12, 2004 under Brazilian laws. The Company’s bylaws states that the
corporate purpose is exercising the equity control of GOL Linhas Aéreas S.A. (“GLA”), which
explores regular and non-regular flight transportation services of passengers, cargo and
mailbags, domestically or internationally; development of loyalty programs; among others.
The Company’s shares are traded on B3 S.A. - Brasil, Bolsa, Balcão (“B3”) and on the New York
Stock Exchange (“NYSE”) under the ticker GOLL4 and GOL, respectively. The Company adopts
B3’s Special Corporate Governance Practices Level 2 and is part of the Special Corporate
Governance (“IGC”) and Special Tag Along (“ITAG”) indexes, created to distinguish companies
that commit to special corporate governance practices.
The Company’s official headquarters are located at Praça Comandante Linneu Gomes, s/n,
portaria 3, prédio 24, Jardim Aeroporto, São Paulo, Brazil.
1.1. Impacts and Management’s Measures regarding Covid-19
The pandemic triggered by Covid-19 continues to significantly impact the Global economic
activity in fiscal year 2021. In Brazil, the recent increase in the number of cases and deaths,
linked to the discovery continues to be impacted by the pandemic triggered by Covid-19, mainly
due to the uncertainties related to the emergence of new variants, caused state and municipal
authorities to expand restrictive measures on circulation and restrict the operation of non-
essential activities. Evolution in the cases’ number and occupation in the hospital network,
which directly affects the demand for air tickets in the leisure and corporate markets.
The second quarter of 2021, historically a period of low season for the airline industry, proved
to be a turning point for demand recovery after a strong impact caused by the second wave of
Covid-19, considering the increase in sales and search for flights on search platforms, mainly
resulting from the intensification in the pace of vaccination observed in the country, which
currently has an average of more than 1.5 million vaccines administered per day and more than
45% of the population having already received the first dose. According to press media
consortium from data of Public Health Secretariat.
GOL's operations reflected an increase in the volume of flights of 78% from 165 daily flights
operated in in the first half of April to 295 at the second half of June 2021. The daily sales
volume also reflected an increase from R$7 million per day to R$17 million per day in the same
period. Since the beginning of the pandemic, GOL, through the readjustment of its air network,
has maintained a consistent occupancy rate at a level close to 80%. The flexible business model
based on a single type of fleet is essential to keep up with reductions of more than 90% in
passenger demand observed during lockdown periods and the installation of sanitary barriers.
The Company, through its Executive Committee, which is entirely formed by the management
board members, works promptly to support society, monitor demand, and define financial and
operational strategies.
20
Information (ITR)
June 30, 2021
In this second quarter of 2021, GOL also completed important initiatives to strengthen its
capital structure, such as: (i) acquisition of non-controlling shareholders in Smiles; (ii) issue
(retap) of an additional Senior Secured Notes of US$300 million; (iii) capital increase of R$423
million, led by the Company's controlling shareholders and with participation in the subscription
by minority shareholders and; (iv) full payment of the remaining balance of its principal
amortizable debt, guaranteed financing, in the amount of R$410 million in principal and
interest, with the release of assets in guarantee. The completion of these operations will
provide better financial flexibility for the Company and sustain its liquidity through the
resumption of the volume of its operations for the second half of 2021.
In 2021, Gol maintains the initiative to transport Covid-19 vaccines for free – with GOLLOG –
and health professionals who work directly in the fight against the pandemic, besides crediting
1,000 Smiles miles to each GOL segment flown at no cost. There are also active and strict
protocols for aircraft hygiene and safety and health, together with actions to reduce human
contact throughout the entire chain.
The Management works continuously towards people’s health and integrity, managing the cash
and has enough funds to meet financial obligations in the next twelve months. However, the
scenario remains challenging due to uncertainties on the pandemic, recovery of the Brazilian
economy, and demand in the airline industry.
Following WHO guidelines to the letter, the Company is currently working with its ecosystem
to help advance the vaccination calendar, which should lead to the resumption of economic
activity, as seen in initial forecasts in countries with advanced immunization.
1.1.1 Impacts on the Parent Company and Consolidated Quarterly Information
As already mentioned, the impacts caused by the pandemic were immediate and severe to the
Company, with the main consequence being the reduction in the operational network, in
response to the drop in demand, which can be verified by the decrease in net revenue and
reduction in the Company's margins. The table below details the reclassifications made in the
period, which are directly related to the Covid-19 pandemic and additional disclosures:
Consolidated – June 30, 2021

Three months Six months
Cost of Other income Cost of Other income

rendered and expenses, rendered and expenses,
Statements of income - recassifications services net services net
Flight equipment depreciation – idleness (a) 80,535 (80,535) 143,210 (143,210)
Personnel expenses - idleness (a) 320 (320) 320 (320)
(a) Due to the drop in the number of flights operated, where the Company incurred with the
burden of time, by analogy to the provisions of CPC 16 (R1) - Inventories, equivalent to IAS
2, expenses and depreciation of flight equipment not directly related to the revenues
generated in the period, called idleness, were reclassified from the group of costs of
services to the group of other revenues and expenses, net.
Like all other business organizations, the Company cannot foresee the duration of the pandemic
and the extent of the continuous impacts caused by it on future business, results, and cash
generation. For this reason, when preparing this quarterly information, the Management
considered the most recent forecasts available, duly reflected in the Company’s business plans.
In the period ended June 30, 2021, no adjustment was needed regarding impairments on the
Company’s Recoverable taxes, Deferred tax assets, Property, plant & equipment, and
Intangible assets.
21
Information (ITR)
June 30, 2021
1.2. Capital Structure and Net Current Capital
The net working capital consolidated on June 30, 2021, is negative by R$7,948,014 (negative
by R$7,152,865 on December 31, 2020). The variation is mainly due to financial investments
in the amount of R$605,505, and a higher balance of leases payable totaling R$547,823, due
to the liquidity management and the drop in operations from the economic crisis caused by
the pandemic, partially offset by the rebalancing of debts, which resulted in a reduction of
R$580,275 in the balance of short-term loans and financing. Of the negative net working
capital as of June 30, 2021, R$3,279,035 refers to advances from ticket sales and the mileage
program, (R$3,309,301 on December 31, 2020), which are expected to be substantially
recognized with the Company’s services.
On June 30, 2021, the Company also had a deficit attributable to equity holders of the parent
company of R$15,746,300 (R$14,407,092 on December 31, 2020). The variation observed is
mainly due to the pandemic’s impacts on the Company’s operations, with a loss of R$1,885,490
attributable to the controlling shareholders in the six-month period ended June 30, 2021. This
impact was partially offset by the capital increase promoted by the Company's shareholders in
the amount of R$423,061.
The operations of the Company are sensitive to changes in the economic scenario and to the
volatility of the Real, given that around 95.4% of its indebtedness (loans and financing and
leases) are exposed to the U.S. dollar (“US$”) and 35.2% of its costs are also pegged to the U.S.
currency, and its ability to adjust the price of fees charged from its customers to recapture the
change of the US$ depends on the rational (offer) capacity and behavior of competitors.
Over the past four years, Management has taken a series of measures to adapt the size of its
fleet to demand, matching the supply of seats with the level of demand, thus promoting the
maintenance of high occupancy rates, reducing costs and adapting the capital structure, as
well as, executing structuring initiatives of its balance sheet, largely completed in the second
quarter of 2021 and that will provide better financial flexibility as of the second half of 2021.
With the outbreak of the pandemic, which led to an unprecedented economic crisis,
Management reorganized the Company’s businesses. By continuously monitoring Covid-19’s
impacts on economic activity, the Company works promptly to ensure business sustainability,
considering the market’s management and the Company’s financial position.
In addition to the continuous monitoring of operations and sales, with a focus on economic
balance, given the uncertain scenario, Management monitors possible measures to rebalance
net working capital for the second half of 2021. Such measures, in case adopted, will have the
purpose of optimizing the capital structure, and the definition will be based on a detailed
assessment of the economic situation and perspectives of that particular moment.
Our unaudited interim condensed consolidated financial statements have been prepared on the
assumption of the Company as a going concern, which includes the continuity of operations,
realization of assets and compliance with liabilities and commitments in the usual course of
business, in conformity with the business plan prepared by Management, reviewed and
approved by the Board of Directors.
Although there is still a substantial uncertainty about how long it will take the airline industry
to recover, and that leads to material uncertainty on our ability to continue as a going concern,
the unaudited interim condensed consolidated financial statements as of June 30, 2021, don’t
include any adjustment that may result from inability to continue operating.
22
Information (ITR)
June 30, 2021
1.3. Corporate Structure
The corporate structure of the Company and its subsidiaries, on June 30, 2021, is shown below:
GOL
100.00% 100.00% 100.00% 100.00%
GLA GAC Inc. Gol Finance Gol Finance Inc.
100.00% 100.00% 100.00%
Smiles Fidelidade
AirFim GTX GTX
S.A.
100.00% 100.00% 100.00%
Smiles Fidelidade Smiles Viagens e

Fundo Sorriso
S.A. Turismo S.A.
98.00% 2.00%
Smiles Viajes Y
Turismo S.A.
Operation in Brazil
Offshore subsidiaries
Exclusive investment fund
The Company’s equity interest in the capital of its subsidiaries, on June 30, 2021, is shown
below:
% of interest in the
capital stock
Date of Principal Type of in the
June 30,capital stock
December
Entity incorporation Location activity control 2021 31, 2020
GAC March 23, 2006 Cayman Aircraft acquisition Direct 100.00 100.00
Gol Finance Inc. March 16, 2006 Islands
Cayman Fundraising Direct 100.00 100.00
Gol Finance June 21, 2013 Islands
Luxembourg Fundraising Direct 100.00 100.00
GLA April 9, 2007 Brazil Flight transportation Direct 100.00 100.00
AirFim November 7, 2003 Brazil Investment fund Indirect 100.00 100.00
GTX February 8, 2021 Brazil Equity investments Indirect 100.00 -
Smiles Fidelidade August 1, 2011 Brazil Loyalty program Direct 52.60 52.60
Smiles Viagens August 10, 2017 Brazil Tourism agency Indirect 52.60 52.60
Smiles Fidelidade Argentina (a) November 7, 2018 Argentina Loyalty program Indirect 52.60 52.60
Smiles Viagens Argentina (a) November 20, Argentina Tourism agency Indirect 52.60 52.60
Fundo Sorriso July 2018
14, 2014 Brazil Investment fund Indirect 52.60 52.60
Companies in Shareholding:
SCP Trip (b) April 27, 2012 Brazil On-board magazine - - 60.00
(a) Companies with functional currency in Argentine pesos (ARS).
(b) GLA has cancelled its investment in SCP Trip in February, 2021.
(c) In May, 2021, GOL transfered direct control (52.60% of the capital) of Smiles Fidelidade to its subsidiary GLA. In June, 2021, the Company completes the
corporate transaction for the acquisition of minority interest, see note 1.4
23
Information (ITR)
June 30, 2021
The subsidiaries GAC Inc., GOL Finance and GOL Finance Inc. are entities incorporated with the
specific purpose of continuing the financial operations and related to the Company's fleet. They
do not have an independent management structure and are unable to make independent
decisions. Thus, the assets and liabilities of these entities are consolidated in the parent
company.
The subsidiaries Smiles Fidelidade S.A. and Smiles Viajes Y Turismo S.A., both headquartered
in Buenos Aires, Argentina, incorporated and controlled by Smiles Fidelidade S.A, have the
purpose to promote operations of the Smiles Program and the sale of airline tickets in that
country.
The subsidiary Smiles Fidelidade also controls Smiles Viagens e Turismo S.A. (“Smiles Viagens”),
whose main purpose is intermediating travel organization services, by booking or selling airline
tickets, accommodation, tourism packages, among others.
The investment funds Airfim and Fundo Sorriso, controlled by GLA and Smiles Fidelidade,
respectively, have the characteristic of an exclusive fund and act as an extension of the
subsidiaries to carry out operations with derivatives and investments, so that the Company
consolidates the assets and liabilities of this fund in its financial statements.
GTX S.A., directly controlled by GLA, is in a pre-operational stage and its corporate purpose is
to manage its own assets and participate in the capital of other companies.
1.4. Corporate reorganization plan
On June 04, 2021, Smiles Fidelidade became a wholly owned subsidiary of GLA as a result of
the proposed merger of shares approved by Smiles and GOL shareholders.
The merger proposal included the following steps, which were implemented concurrently and
interdependently:
• incorporation of Smiles Fidelidade shares by GLA, issuing preferred shares and

redeemable preferred shares of GLA to the shareholders of Smiles Fidelidade;
• incorporation of GLA’s shares by the Company, issuing preferred shares and redeemable
preferred shares of the Company to GLA’s shareholders; and
• redemption of GLA’s and the Company's redeemable preferred shares, with cash payment
based on the redemption of the Company's redeemable preferred shares to the
shareholders of Smiles Fidelidade.
On April 28, 2021, the period for exercising the right of withdrawal expired, which was
exercised on 176 preferred shares of GOL and 28,220 common shares of Smiles, whose total
amount of R$299 was settled on May 12, 2021.
On May 25, 2021, the Company transferred to GLA the control of Smiles Fidelidade S.A. through
a capital increase in the amount of R$350,075.
Considering the choice of Smiles' minority shareholders among the available exchange ratios,
on June 04, 2021, GOL issued 22,433,975 new preferred shares, 25,707,301 class B preferred
shares and 33,113,683 class C preferred shares. Classes B and C were redeemed and settled in
cash on June 23, 2021 for the total amount of R$744,450.
24
Information (ITR)
June 30, 2021
1.5. Acquisition of MAP Transportes Aéreos
On June 08, 2021, GOL entered into an agreement to acquire MAP Transportes Aéreos Ltda.
(“MAP”), a Brazilian domestic airline with flight routes to regional destinations and São Paulo´s
Congonhas Airport, considering the Company's commitment to expand Brazilian demand for
passenger air transport and an unparalleled market opportunity for rational consolidation in
the Brazilian aviation market, as the country's economy recovers from Covid-19.
MAP will be acquired for R$28 million, to be paid upon satisfaction of all closing conditions,
through 100,000 preferred shares (GOLL4) at R$28.00 per share and R$25 million in cash to be
paid in twenty-four monthly installments. At closing, the Company will assume up to R$100
million in MAP's financial obligations.
The main benefits of this transaction are: (i) expansion to new routes; (ii) offering higher seat
density to historically underserved markets; and (iii) enhancing cost-efficient operations.
The transaction closing is subject to approval by the National Civil Aviation Agency (ANAC) and
by the Administrative Council for Economic Defense (CADE). Therefore, on June 30, 2021 there
are no impacts from this transaction on the interim condensed consolidated financial
information statements.
1.6. Compliance program

In December 2016 as a result of investigations involving the Company, GOL signed an agreement
("Agreement") with the Brazilian Federal Public Ministry, through which the Company agreed to
pay fines and make improvements to its compliance program, in return for the commitment of
the Brazilian Federal Public Ministry agreed not to file any lawsuits related to activities under
the Agreement, as disclosed in the financial statements for the years ended December 31, 2017,
2018, 2019 and 2020.
The Company voluntarily informed the U.S. Department of Justice ("DOJ"), the Securities and
Exchange Commission ("SEC") and the Brazilian Securities and Exchange Commission ("CVM")
about the Agreement and the external and independent investigation conducted by an
independent committee of the Company.
The investigation, completed in April 2017, revealed that immaterial payments were made to
politically exposed people and the competent authorities were duly reported. None of the
current employees, representatives or members of the Management and Board of Directors
knew of any illegal purpose behind any of the transactions identified, or of any illegal benefit
to the Company arising from the transactions under investigation.
The Company will keep reporting any future developments regarding this issue, as well as
monitor the analyses already started by these agencies, which may impose new fines and
possibly other sanctions to the Company.
Since 2016, the Company has adopted several measures to strengthen and expand its internal
control and compliance, detailed in the financial statements for the years ended December 31,
2017, 2018, 2019 and 2020. In addition, Management constantly reinforces with its employees,
customers and suppliers its commitment to continuous improvement in its internal control
programs and compliance.
There were no further developments on the subject during the period ended June 30, 2021.
25
Information (ITR)
June 30, 2021
2. Message from Management, basis of preparation and presentation of the parent

company and consolidated quarterly information
The Company’s parent company and consolidated quarterly information were prepared in
accordance with the International Financial Reporting Standards (“IFRS”) issued by the
International Accounting Standards Board (“IASB”).
The Company’s parent company and consolidated quarterly information were prepared using
the Brazilian Real (“R$”) as the functional and presentation currency. Figures are expressed in
thousands of Brazilian reais, except when stated otherwise. The items disclosed in foreign
currencies are duly identified, when applicable.
The preparation of the Company’s parent company and consolidated quarterly information
requires Management to make judgments, use estimates, and adopt assumptions affecting the
stated amounts of revenues, expenses, assets, and liabilities. However, the uncertainty
inherent in these judgments, assumptions, and estimates could give rise to results that require
a material adjustment of the book value of certain assets and liabilities in future reporting
fiscal years.
The Company is continually reviewing its judgments, estimates, and assumptions.
Management, when preparing these parent company and consolidated quarterly information,
used the following disclosure criteria, considering regulatory aspects and the relevance of the
transactions to understand the changes in the Company’s economic and financial position and
its performance since the end of the fiscal year ended December 31, 2020, as well as the
restatement of relevant information included in the annual financial statements related to the
year ended December 31, 2020 disclosed on March 17, 2021.
Management confirms that all the material information in these parent company and
consolidated quarterly information are being demonstrated and corresponds to the information
used by Management in the development of its business management activities.
The parent company and consolidated quarterly information have been prepared based on
historical cost, with the exception of the following material items recognized in the statements
of financial positions:
• short-term investments classified as cash and cash equivalents measured at fair value;
• short-term investments mainly comprising exclusive investment funds, measured at fair
value;
• restricted cash measured at fair value;
• derivative financial instruments measured at fair value; and
• investments accounted for using the equity method.
The Company’s parent company and consolidated quarterly information relating for the period
ended 30 June, 2021, has been prepared assuming that it will continue as a going concern,
realizing assets and settling liabilities in the normal course of business, as per Note 1.2.
26
Information (ITR)
June 30, 2021
3. Approval of the Parent Company and Consolidated Quarterly Information

The Board of Directors authorized this Parent Company and Consolidated Quarterly Information
(ITR) at a Meeting held on July 28, 2021.
4. Summary of Significant Accounting Practices

The Parent Company and Consolidated Quarterly Information (ITR) presented herein was
prepared based on policies, accounting practices and estimate calculation methods adopted
and presented in detail in the annual financial statements related to the year ended December
31, 2020, issued on March 17, 2021.
4.1. New Accounting Standards and Pronouncements Adopted in the Current Year
On the first quarter of 2021, CPC issued the Standards Technical Review Nr. 17 resulting from
the “Reform of Reference Interest Rate - Phase 2”, duly approved by CVM, through CVM
Resolution 18/2021, effective for fiscal years beginning after January 1, 2021.
On March 31, 2021, IASB extended the possibility of applying the practical expedient with
benefits granted to tenants in lease agreements for years beginning on or after April 1, 2021,
with early adoption allowed.
Both changes did not impact the Company’s quarterly information. Additionally, in the period
ended June 30, 2021, standards or pronouncements issued in previous periods with an impact
on the Company’s quarterly information did not enter into force.
4.2. Foreign Currency Transactions
Foreign currency transactions are recorded at the exchange rate change prevailing on the
transactions' date. Monetary assets and liabilities designated in foreign currency are calculated
based on the exchange rate change on the balance sheet date. Any difference resulting from
the translation of currencies is recorded under the item “Exchange rate change, net” in the
income statement for the period.
The main exchange rates in reais in effect on the base date of this Parent Company and
Consolidated Quarterly Information (ITR) are as follows:
Final Rate Average Rate

June 30, December June 30, December
2021 31, 2020 2021 31, 2020
U.S. Dollar 5.0022 5.1967 5.3842 5.1425
Argentinian Peso 0.0523 0.0617 0.0591 0.0622
27
Information (ITR)
June 30, 2021
5. Seasonality
Under normal economic and social conditions, the Company expects revenues and operating
income (expense) from its flights to be at their highest levels in the summer and winter holiday
periods, in January and July, respectively, and during the last weeks of December and in the
year-end holiday period. Domestic demand, mainly from the corporate sector, is highly linked
to the level of economic activity in Brazil (GDP). Given the high proportion of fixed costs, this
seasonality tends to drive changes in operating income (expense) across the fiscal-year
quarters. In the current context, considering all current unpredictability and uncertainty, the
operations have shown a behavior negatively correlated with the number of cases and deaths
caused by Covid-19. In other words, in the pandemic context, the recovery of the normalized
behavior of demand in periods of high season will depend not only on the historical seasonality
between the different months, but also on the observation of the reduction in the curve of
cases and deaths.
6. Cash and Cash Equivalents

2021 31, 2020 2021 31, 2020
Cash and bank deposits 25,513 374,271 75,761 428,812
Cash equivalents 423,135 49,666 684,508 234,018
Total 448,648 423,937 760,269 662,830
The breakdown of cash equivalents is as follows:

December June 30, December
June 30, 2021 31, 2020 2021 31, 2020
Local currency
Private bonds 417,709 49,014 627,338 170,359
Automatic deposits 5,426 652 57,145 59,936
Total local currency 423,135 49,666 684,483 230,295
Foreign currency -
Private bonds - - 25 3,723
Total foreign currency - - - -
- - 25 3,723
Total
Local currency 423,135 49,666 684,508 234,018
28
Information (ITR)
June 30, 2021
7. Financial Investments
Weighted Parent Company Consolidated
average
profitability December June 30, December
(p.a.) June 30, 2021 31, 2020 2021 31, 2020
Local currency
Government bonds 95.2% of CDI - - 168 22,465
Investment funds 95.4% of CDI 103 236 22,823 603,698
Total local currency 103 236 22,991 626,163
Foreign currency
Private bonds - - - 2,415
Investment funds 28.8% - - 15 757
Total foreign currency - - 15 3,172
Total 103 236 23,006 629,335
Current 103 236 22,838 628,343

Non Current - - 168 992
8. Restricted Cash
Weighted Parent Company Consolidated

average June 30, December June 30, December
weighted (p.a.) 2021 31, 2020 2021 31, 2020
Local currency
Import financing 98.0% of CDI - - 60,697 213,153
Letter of guarantee - legal proceedings 84.7% of CDI 4,445 4,201 55,282 56,440
Letter of credit – maintenance deposit 98.1% of CDI - - 156,467 155,184
Working capital 99.8% of CDI - - 9,711 52,927
Total local currency 4,445 4,201 282,157 477,704
Foreign currency
Exim loan 0.2% - - 30,065 31,206
Letter of guarantee - legal proceedings - - - 1,593 -
Hedge margin - - - - 35,697
Total foreign currency - - 31,658 66,903
Total 4,445 4,201 313,815 544,607
Current 4,442 4,194 269,131 355,769

Non Current 3 7 44,684 188,838
The decrease in restricted cash linked to import financing and working capital loan, in the
period ended June 30, 2021, refers to using the asset to pay for debt operations to which they
were linked.
29
Information (ITR)
June 30, 2021
9. Trade Receivables
Consolidated
December 31,
June 30, 2021 2020
Local currency
Credit card administrators 295,319 318,869
Travel agencies 297,523 266,086
Cargo agencies 28,632 29,902
Airline partner companies 9,118 8,877
Other 20,406 13,845
Total local currency 650,998 637,579
Foreign currency
Credit card administrators 52,589 77,616
Travel agencies 14,524 13,960
Cargo agencies 46 122
Airline partner companies 6,751 19,464
Other 9,466 9,005
Total foreign currency 83,376 120,167
Total 734,374 757,746
Allowance for expected loss on trade receivables accounts (16,966) (18,047)
Total trade receivables 717,408 739,699
The aging list of trade receivables, net of allowance for expected loss on trade receivables
accounts, is as follows:
Consolidated
December 31,
June 30, 2021 2020
Not yet due
Until 30 days 419,785 459,338
D 31 to 60 days 104,797 88,893
61 to 90 days 27,572 33,121
91 to 180 days 55,038 54,832
181 to 360 days 32,671 41,484
Above 360 days 125 256
Total to be due 639,988 677,924
Overdue
Until 30 days 28,148 10,278
31 to 60 days 5,168 21,677
61 to 90 days 16,156 13,501
91 to 180 days 10,117 11,474
181 to 360 days 13,741 785
Above 360 days 4,090 4,060
Total overdue 77,420 61,775
Total 717,408 739,699
The changes in the expected loss on trade receivables are as follows:

Consolidated
December 31,
June 30, 2021 2020
Balance at the beginning of the period (18,047) (16,952)
(Additions) Exclusions 1,081 (1,095)
Balance at the end of the period (16,966) (18,047)
30
Information (ITR)
June 30, 2021
10. Inventories
Consolidated
June 30, 2021 December 31, 2020
Consumables 20,343 14,533
Parts and maintenance materials 174,995 181,105
Advances to suppliers 17,476 -
Total 212,814 195,638
The changes in the provision for obsolescence are as follows:

Consolidated
June 30, 2021 December 31, 2020
Balances at the beginning of the period (12,862) (14,302)
Additions (54) (702)
Write-offs 7,331 2,142
Balances at the end of the period (5,585) (12,862)
11. Advances to Suppliers and Third-Parties

2021 31, 2020 2021 31, 2020
Advance to domestic suppliers 8 - 216,128 290,664
Advances to international suppliers 45 10,441 31,170 68,873
Advance for materials and repairs - - 48,932 48,933
Total 53 10,441 296,230 408,470
Current 53 10,441 198,813 318,769

Non-current - - 97,417 89,701
12. Taxes to Recover

2021 31, 2020 2021 31, 2020
Prepaid income and social contribution taxes to
recover 16,669 18,335 93,249 109,231
PIS and COFINS to recover(*) - - 271,228 387,033
Value Added Tax (VAT), abroad - - 3,390 3,998
Other 218 62 11,610 5,097
Total 16,887 18,397 379,477 505,359
Current 1,627 6,295 265,357 186,955

Non-current 15,260 12,102 114,120 318,404
(*) During the period ended June 30, 2021, the subsidiary GLA recorded PIS and COFINS extemporaneous tax credits, in the total amount of R$57,422
(R$126,675 for the period ended December 31, 2020).
31
Information (ITR)
June 30, 2021
13. Deferred Taxes
13.1. Deferred Tax Assets (Liabilities)
The positions of deferred assets and liabilities are presented below and comply with the enforceable offset legal rights that consider taxes
levied by the same tax authority under the same tax entity.
December 31, December 31, Exchange rate
2020 Results June 30, 2021 2020 Results variation(*) June 30, 2021
Deferred assets
Income tax losses carry forward 37,921 - 37,921 37,921 - - 37,921
Negative basis of social contribution 13,650 - 13,650 13,650 - - 13,650
Temporary differences:
Provision for losses on other credits 2,004 53 2,057 2,004 53 - 2,057
Provision for legal proceedings and tax liabilities (83) (3) (86) (83) (3) - (86)
Others - - - 71 (5) 164 230
Total deferred taxes - Assets 53,492 50 53,542 53,563 45 164 53,772
Deferred liabilities
Temporary differences:
Breakage provision - - - (193,498) 892 - (192,606)
Flight rights - - - (353,226) - - (353,226)
Depreciation of engines and parts for aircraft maintenance - - - (194,789) (3,969) - (198,758)
Reversal of goodwill amortization for tax purposes - - - (127,659) - - (127,659)
Derivative transactions - - - (28,902) 43,490 - 14,588
Allowance for doubtful accounts - - - 201,446 (3,521) - 197,925
Provision for legal proceedings and tax liabilities - - - 124,723 17,000 - 141,723
Aircraft return - - - 190,778 (21,390) - 169,388
Aircraft leases and other - - - 10,586 (3,797) - 6,789
Unrealized profits - - - 69,843 6,326 - 76,169
Other - - - 81,064 (22,092) - 58,972
Total deferred taxes - Liabilities - - - (219,634) 12,939 - (206,695)
Total effect of deferred taxes on income - 50 - - 12,984 - -
(*) Exchange variation recognized in other comprehensive income.
32
Information (ITR)
June 30, 2021
Management considers that the deferred assets and liabilities recognized on June 30, 2021,
arising from temporary differences, will be realized in proportion to the realization of their
bases and the expectation of future results.
Management estimates that deferred tax credits, recorded on tax losses and negative social
contribution basis, will be realized as follows:
Year Amount
2023 5,034
2024 12,183
2025 9,981
2025 onwards 24,373
Total 51,571
The direct subsidiary GLA has tax losses and negative bases of social contribution in the
determination of taxable profit, to be offset against 30% of future annual tax profits, with no
prescription period, not recorded in the balance sheet, in the following amounts:
GLA
June 30, 2021 December 31, 2020
Acumulated income tax losses 9,587,143 8,401,388
Negative basis of social contribution 9,587,143 8,401,388
Potential tax credit 3,259,629 2,856,472
The reconciliation of tax expenses and calculation of the loss before income tax and social
contribution by the nominal tax rate for three-month and six-month periods ended June 30,
2021 and 2020 is as follows:
Parent Company
Three-month period
ended Six-month period ended
2021 2020 2021 2020
(Loss) income before income tax and social contribution 647,001 (1,994,007) (1,885,540) (4,278,943)
Combined nominal tax rate 34% 34% 34% 34%
Income tax and social contribution combined tax rate (219,980) 677,962 641,084 1,454,841
Adjustments to calculate the effective tax rate:

Equity 131,714 (534,790) (581,324) (1,288,788)
Difference of tax rate on the result of subsidiaries (43,546) (90,929) (75,772) 69,914
Nontaxable revenues (expenses), net (21,377) (203) (23,100) (407)
Exchange variation on foreign investments 163,130 (54,946) 53,192 (241,799)
Benefit (not constituted) on tax losses, negative social
contribution base and temporary differences (14,029) - (14,030) -
Income tax and social contribution (4,088) (2,906) 50 (6,239)
Income tax and social contribution

Current - (2,030) - (3,078)
Deferred (4,088) (876) 50 (3,161)
Total income and social contribution taxes (4,088) (2,906) 50 (6,239)
33
Information (ITR)
June 30, 2021
Consolidated
Three-month period Three-month period
ended ended
2021 2021 2021 2021
(Loss) income before income tax and social contribution 669,670 (1,993,980) (1,815,152) (4,212,173)
Combined nominal tax rate 34% 34% 34% 34%
Income tax and social contribution combined tax rate (227,687) 677,953 617,152 1,432,139
Adjustments to calculate the effective tax rate:

Difference of tax rate on the result of subsidiaries (39,715) (95,653) (75,102) 65,190
Nontaxable revenues (expenses), net (33,570) (45,195) (68,689) 4,999
Exchange variation on foreign investments 131,631 (46,987) 31,862 (178,954)
Benefit (not constituted) on tax losses, negative social
contribution base and temporary differences 157,706 (493,219) (537,827) (1,369,891)
Income tax and social contribution (11,635) (3,101) (32,604) (46,517)
Income tax and social contribution

Current (16,757) (11,580) (45,588) (35,853)
Deferred 5,122 8,479 12,984 (10,664)
Total income and social contribution taxes (11,635) (3,101) (32,604) (46,517)
14. Deposits
2021 31, 2020 2021 31, 2020
Maintenance deposits - - 958,601 1,032,418
Judicial deposits 44,400 49,838 601,808 667,565
Deposits in guarantee for lease agreements 2,502 68,423 295,719 358,472
Total 46,902 118,261 1,856,128 2,058,455
14.1. Maintenance deposits
The Company makes deposits in U.S. dollars for the maintenance of aircraft and engines, which
will be used in future events as established in certain lease agreements.
Maintenance deposits do not exempt the Company, as a lessee, from contractual obligations
related to the maintenance or the risk associated with operating activities. These deposits can
be replaced by bank guarantees or letters of credit (SBLC - stand by letter of credit) according
to the conditions established in the aircraft lease. The Company has the right to choose to carry
out the maintenance internally or through its suppliers.
The Company has two categories of maintenance deposits:
• Maintenance guarantee: refers to one-time deposits that are refunded at the end of the
lease, and can also be used in maintenance events, depending on negotiations with lessors.
The balance of these deposits on June 30, 2021 was R$248,316 (R$273,311 on December 31,
2020).
• Maintenance reserve: refers to amounts paid monthly based on the use of components and
can be used in maintenance events as set by an agreement. On June 30, 2021, the balance
referring to such reserves was R$710,285 (R$759,107 on December 31, 2020).
34
Information (ITR)
June 30, 2021
14.2. Court Deposits
Court deposits and blocks represent guarantees of tax, civil and labor lawsuits, kept in court
until the resolution of the disputes to which they are related. Part of the court deposits refers
to civil and labor lawsuits arising from succession requests in lawsuits filed against Varig S.A.
or also labor lawsuits filed by employees who do not belong to GLA or any related party.
Considering that Management does not believe that the Company is legally responsible for such
claims, the release of the court deposits has been claimed.
14.3. Deposits in guarantee for lease agreements
As required by the lease agreements, the Company makes guarantee deposits (in U.S. dollars)
to the leasing companies, which can be redeemed if replaced by other bank guarantees or fully
redeemed at maturity.
15. Investments
15.1. Breakdown of Investments

GLA Smiles Fidelidade (1) Trip (2)
Relevant information of the subsidiaries as of June 30, 2021
Total number of shares 2,762,566,614 - -
Share capital 5,511,194 - -
Interest 100.0% - -
Shareholders’ Equity (deficit) (13,795,934) - -

Unrealized profits (a) - - -
Adjusted Shareholders’ Equity (b) (13,795,934) - -
Net income (loss) for the period (1,747,480) 57,753 -

Unrealized profits in the period (a) - 7,324 -
Adjusted net income for the period (b) (1,747,480) 37,703 -
Relevant information of the subsidiaries as of December 31, 2020

Total number of shares 5,262,335,049 124,158,953 -
Share capital 4,554,280 254,610 1,318
Interest 100.0% 52.60% 60.0%
Shareholders’ Equity (deficit) (12,670,479) 1,350,329 1,359

Unrealized profits (a) - (135,578) -
Adjusted Shareholders’ Equity (b) (12,670,479) 574,717 815
Relevant information of the subsidiaries as of June 30, 2021

Net income (loss) for the period (3,834,212) 55,902 -
Unrealized profits in the period (a) - 14,252 -
Adjusted net income for the period (b) (3,834,212) 43,660 -
(1) In may 2021,the Company transferred the control over Smiles Fidelidade to its subsidiary GLA, as demonstrated within the table below. As a consequence,
information related to shareholders equity and shares positions was not presented in June 30, 2021. The net income (loss) for the period, unrealized profits
and adjusted net income for the period include only the effects from january to april of 2021, considering the interest of 52.60% in the capital owned by
the Company.
(2) GLA discontinued the investment on Trip in 2021.
(a) Corresponds to transactions involving revenue from mileage redemption for airline tickets by members in the Smiles Program which, for the purposes of
consolidated quarterly information are only accrued when program members are actually transported by GLA.
(b) Adjusted shareholders’ equity and net income for the adjusted period corresponds to the percentage of total equity and net income for unrealized profits.
35
Information (ITR)
June 30, 2021
15.2. Changes in Investments

Smiles Smiles
GLA Fidelidade GLA Fidelidade
Balances as of December 31, 2020 (12,670,479) 574,717 (12,095,762) 815
Advance for future capital increase 151,000 - 151,000 -
Result of equity income (1,747,480) 37,703 (1,709,777) -
Unrealized gains on hedges 415,782 - 415,782 -
Foreign exchange variation on investment conversion abroad 107 430 537 -
Dividends and interests - (263,008) (263,008) -
Share-based payments 8,314 233 8,547 -
Investment write off - - - (815)
Transfer of control – Smiles Fidelidade (a) 350,075 (350,075) - -
Transactions with non-controlling shareholders – Capital
increase (b) 1,351,289 - 1,351,289 -
Transactions with non-controlling shareholders – Equity
valuation adjustments (b) (909,980) - (909,980) -
Preferred shares withdrawn – Corporate reorganization (c) (744,450) - (744,450) -
Balances as of June 30, 2021 (13,795,822) - (13,795,822) -
(a) In May 25, 2021, the Company transferred to GLA the control over Smiles Fidelidade S.A. through a capital increase in the amount of R$350,075.
(b) In June 04, 2021, the Company concluded the reorganization step to acquire the shares of the minority investors of Smiles. This transaction involved a
compensation of R$1,351,289 (of which R$606,839 in preferred shares and R$744,450 in preferred redeemable shares). The book value of this acquisition
was R$441,309, which resulted in an equity valuation adjustment of R$909,980, recorded directly in the subsidiarys’ shareholders equity.
(c) The redeemable preferred shares were liquidated in cash in June 23, 2021.
16. Property, Plant & Equipment
16.1. Parent Company
On June 30, 2021, the balance of property, plant and equipment was R$168,499 in subsidiary
GAC (R$68,660 on December 31, 2020), mainly due to advances in aircraft acquisition.
36
Information (ITR)
June 30, 2021
16.2. Consolidated
December 31, 2020 June 30, 2021
Weighted
Historical Accumulated Net opening Contractual Net ending Accumulated
average rate Additions Depreciation Write-off Historical cost
cost depreciation balance amendments balance depreciation
(p.a.)
Flight equipment
Aircraft – ROU (1) with no purchase option 20.29% 4,020,709 (1,420,648) 2,600,061 428,632 47,417 (271,624) - 2,804,486 4,455,675 (1,651,189)
Spare parts and engines - Own (4) (5) 6.95% 1,964,411 (837,048) 1,127,363 23,010 - (66,182) (1,323) 1,082,868 1,983,222 (900,354)
Spare parts and engines – ROU 33.55% 84,329 (47,940) 36,389 2,026 - (8,597) - 29,818 82,717 (52,899)
Aircraft and engine improvements 46.78% 3,206,385 (2,282,042) 924,343 90,613 - (227,918) - 787,038 3,157,822 (2,370,784)
Tools 10.00% 55,821 (28,697) 27,124 404 - (1,965) (11) 25,552 56,196 (30,644)
9,331,655 (4,616,375) 4,715,280 544,685 47,417 (576,286) (1,334) 4,729,762 9,735,632 (5,005,870)
Property, plant and equipment in use

Vehicles 20.00% 11,264 (9,572) 1,692 377 - (285) - 1,784 11,641 (9,857)
Machinery and equipment 10.00% 62,841 (48,417) 14,424 40 - (1,441) - 13,023 62,862 (49,839)
Furniture and fixtures 10.00% 32,790 (20,483) 12,307 24 - (996) (44) 11,291 32,502 (21,211)
Computers and peripherals – Own 20.00% 47,487 (35,837) 11,650 99 - (1,860) (5) 9,884 47,219 (37,335)
Computers and peripherals – ROU 26.58% 21,992 (15,460) 6,532 - - (3,052) - 3,480 21,992 (18,512)
Communication equipment 10.00% 2,233 (1,871) 362 5 - (55) (8) 304 2,216 (1,912)
Security equipment 10.00% 55 (32) 23 - - (2) - 21 55 (34)
Third-party property improvements – CMA (3) 12.05% 107,637 (107,637) - - - - - - 107,637 (107,637)
Third-party property improvements 20.31% 75,714 (49,328) 26,386 25 - (4,959) - 21,452 75,725 (54,273)
Third-party property – ROU 33.96% 27,867 (15,834) 12,033 - 32 (4,337) - 7,728 27,899 (20,171)
Construction in progress 14,837 - 14,837 5 - - (170) 14,672 14,672 -
404,717 (304,471) 100,246 575 32 (16,987) (227) 83,639 404,420 (320,781)
Impairment losses (2) - (34,330) - (34,330) 3,699 - - - (30,631) (30,631) -

Total 9,702,042 (4,920,846) 4,781,196 548,959 47,449 (593,273) (1,561) 4,782,770 10,109,421 (5,326,651)
Advances to suppliers - 179,092 - 179,092 29,377 - - (11,590) 196,879 196,879 -

Total Property, plant and equipment 9,881,134 (4,920,846) 4,960,288 578,336 47,449 (593,273) (13,151) 4,979,649 10,306,300 (5,326,651)
(1) ROU - Right of Use

(2) Refers to provisions for impairment losses for rotable items (spare parts), classified under “Parts and spare engines", recorded by the Company in order to present its assets according to the actual capacity for the generation of expected
future benefits.
(3) CMA - Maintenance Center - Confins/MG
(4) As of June 30, 2021, the balance of spare parts is granted as a guarantee to Secured Notes 2026, according to Note 18.
(5) As of June 30, 2021, 19 engines of the Company are granted as a guarantee to the Spare Engine Facility and the Loan Facility, according to Note 18.
37
Information (ITR)
June 30, 2021
17. Intangible Assets
The breakdown of and changes in intangible assets are as follows:

Consolidated
December 31, 2020 June 30, 2021
Weighted
Historical Accumulated Net opening Net ending Historical Accumulated
average rate Additions Write-off Amortization
cost amortization balance balance cost amortization
(p.a.)
Cost
Goodwill - 542,302 - 542,302 - - - 542,302 542,302
Slots - 1,038,900 - 1,038,900 - - - 1,038,900 1,038,900
Software 25.73% 507,734 (345,661) 162,073 51,877 (22) (40,365) 173,563 496,829 (323,266)
Others 20.00% 10,000 (6,167) 3,833 - - (1,000) 2,833 10,000 (7,167)
Total 2,098,936 (351,828) 1,747,108 51,877 (22) (41,365) 1,757,598 2,088,031 (330,433)
The balances of goodwill and airport operating rights (slots) were tested for impairment on December 31, 2020 through the discounted cash
flow for each cash-generating unit, giving rise to the value in use. The results obtained were compared with the carrying amount of each cash-
generating unit and, as a result, the Company did not recognize impairment losses on its CGUs.
In order to assess the recoverable value, assets are grouped at the lowest levels for which there are separately identifiable cash flows (Cash-
Generating Units – “CGUs”). In order to determine the carrying amount of each cash-generating unit, the Company considers the intangible
assets recorded and all necessary tangible assets to conduct the business, given that it will only generate economic benefits by using the
combination of both.
38
Information (ITR)
June 30, 2021
18. Loans and financing
The breakdown of and changes in short and long-term debt are as follows:
Parent Company
December 31, 2020 June 30, 2021
Unrealized Exchange Amortization
Interest Non- Interest Interest
Maturity Current Total Funding gain (loss) Payments rate of cost and Total Current Non-current
rate p.a. current incurred paid
from ESN change premium
Em US$:
Secured funding 12/2021 9.50% 484,113 - 484,113 - - (499,663) 17,000 (17,745) 16,295 - - - -
ESN 2024 (1) 07/2024 3.75% 37,960 1,896,854 1,934,814 - (124,954) - 98,139 (43,636) (78,149) (15) 1,786,199 36,540 1,749,659
Senior Notes 2025 01/2025 7.00% 98,521 3,340,316 3,438,837 - - - 122,502 (124,577) (128,037) 4,596 3,313,321 94,833 3,218,488
Senior Secured
Notes 2026 06/2026 8.00% 1,848 953,802 955,650 1,501,569 - - 108,332 (103,935) (114,145) 9,972 2,357,443 - 2,357,443
Perpetual bonds - 8.75% 16,522 799,777 816,299 - - - 36,269 (36,627) (30,193) - 785,748 15,905 769,843
Total 638,964 6,990,749 7,629,713 1,501,569 (124,954) (499,663) 382,242 (326,520) (334,229) 14,553 8,242,711 147,278 8,095,433
(1) Exchangeable Senior Notes refer to note 34.2.
39
Information (ITR)
June 30, 2021
Consolidated
December 31, 2020 June 30, 2021
Interest Unrealized Exchange Amortization
Non- Interest Interest Non-
Maturity rate Current Total Funding gain (loss) Payments rate of cost and Total Current
current incurred paid current
p.a. from ESN change premium
Em R$:
Debentures 03/2022 5.20% (3) 440,918 146,170 587,088 - - - 16,064 (18,149) - 2,799 587,802 587,802 -
Working Capital 10/2025 9.06% 239,615 17,275 256,890 - - (64,671) 9,422 (10,381) - - 191,260 177,881 13,379
Em US$:
Secured funding 06/2021 9.50% 484,113 - 484,113 - - (499,663) 17,000 (17,745) 16,295 - - - -
Import financing 07/2021 5.04% 783,659 - 783,659 - - (152,258) 15,717 (18,873) (14,238) - 614,007 614,007 -
Financing with Ex-lm
12/2022 0.84%
Bank collateral 194,786 49,958 244,744 - - (51,403) 1,255 (1,360) (7,839) 2,905 188,302 164,295 24,007
ESN 2024 (1) 07/2024 3.75% 37,960 1,896,854 1,934,814 - (124,954) - 98,139 (43,636) (78,149) (15) 1,786,199 36,540 1,749,659
Spare engine facility 09/2024 2.49% 22,771 197,009 219,780 - - - 2,811 (1,524) (8,262) 141 212,946 34,349 178,597
Senior notes 2025 01/2025 7.00% 98,521 3,340,316 3,438,837 - - - 122,502 (124,577) (128,037) 4,596 3,313,321 94,833 3,218,488
Senior secured notes
2026 06/2026 8.00% 1,848 953,802 955,650 1,501,569 - 108,332 (103,935) (114,145) 9,972 2,357,443 - 2,357,443
Loan facility 03/2028 4.73% 32,566 233,135 265,701 - - (3,067) 5,468 (2,419) (8,829) 128 256,982 47,392 209,590
Perpetual bonds (2) - 8.75% 16,522 789,168 805,690 10,952 - - 36,213 (36,345) (30,762) - 785,748 15,905 769,843
Total 2,353,279 7,623,687 9,976,966 1,512,521 (124,954) (771,062) 432,923 (378,944) (373,966) 20,526 10,294,010 1,773,004 8,521,006
(1) Exchangeable Senior Notes see Note 34.2.
(2) On December 31, 2020 It includes the elimination of related parties, considering securities of this issue, carried out by Gol Finance, held by GLA, totaling R$10,609. These securities were resold in the period ended June 30, 2021,
therefore there is no elimination on this date.
(3) These securities are divided into three series: Series 1 with a CDI rate of 120%; Series 2 with CDI rate + 5.40% p.a. and Series 3 with CDI rate + 4.90% p.a..
40
Information (ITR)
June 30, 2021
The total parent company and consolidated loans and financing on June 30, 2021, includes
funding costs and premiums totaling R$220,626 and R$230,763, respectively (R$173,086 and
R$189,195 on December 31, 2020) that will be amortized over the term of their loans and
financing. The total also includes amortized goodwill and fair value of the derivative financial
instrument, referring to ESN 2024, totaling R$36,228 and R$205,838, respectively, on June 30,
2021 (R$42,226 and R$346,030, respectively, on December 31, 2020).
18.1. New loans and financing contracted and renegotiated during the period ended June 30,
2021
The renegotiations detailed below were evaluated under IFRS 9 - “Financial Instruments” and
did not meet the definitions to derecognize the liabilities (with the original financial liability
extinguished and a new financial liability recognized).
18.1.1. Debentures
On March 26, 2021, the Annual Debenture Holders' Meeting decided to postpone the payment
of series 3 with maturity on March 28, 2021, to April 7, 2021, totaling R$147,913, and suspend
the early maturity of the installment of series 1, also maturing on March 28, 2021, and also
totaling R$147,920.
On April 6, 2021, at the General Meeting of Debenture Holders, it was decided to postpone the
payment of series 3 maturing on April 07, 2021 to May 12, 2021, in the amount of R$295,833
with new remuneration of CDI + 4.90 % a.a.
On May 11, 2021, at the General Meeting of Debenture Holders, the payment of series 3
maturing on May 12, 2021 was again postponed to June 26, 2021.
On June 25, 2021, the General Meeting of Debenture Holders resolved to postpone the payment
of series 3 maturing on June 26, 2021 to August 10, 2021.
18.1.2. Working capital – Lines of credit
During the period ended June 30, 2021, the Company, through its subsidiary GLA, renegotiated
the due dates of this type of agreement, placing promissory notes as collateral for the
transactions. These transactions have as purpose maintaining and managing the company's
working capital, and the main change was the maturity date and interest rate, as disclosed in
the previous table.
18.1.3. Import financing
During the period ended June 30, 2021, the Company, through its subsidiary GLA, raised funds
and renegotiated the due dates of this type of agreement, impacting the interest rate, disclosed
in table above, and keeping promissory notes as collateral for the transactions, which are part
of a credit line maintained by GLA for engine maintenance, import financing in order to
purchase spare parts and aircraft equipment.
41
Information (ITR)
June 30, 2021
18.1.4. Senior Secured Notes 2026
In May 2021, the Company raised Senior Secured Notes, as part of an additional issuance and
consolidated of the Senior Secured Notes issued in December 2020, bearing interest of 8.00%
p.a. and maturity in June 2026.
Operation Principal Costs Interest Date -

date (US$ thousands) (R$ thousands) (US$ thousands) (R$ thousands) rate (p.a.) Maturity
May 11, 2021 300,000 1,569,660 13,019 68,091 8.00% June 30, 2026
18.2. Loans and Financing – Non-Current
On June 30, 2021, the maturities of loans and financing recorded in non-current liabilities were
as follows:
Without
2025 maturity
2022 2023 2024 2025 onwards date Total
Parent Company
In US$:
ESN 2024 - - 1,749,659 - - - 1,749,659
Senior Notes 2025 - - - 3,218,488 - - 3,218,488
Senior Secured Notes 2026 - - - - 2,357,443 - 2,357,443
Perpetual Bonds - - - - - 769,843 769,843
Total - - 1,749,659 3,218,488 2,357,443 769,843 8,095,433
Consolidated
Em R$:
Working capital – Lines of
credit 4,152 4,644 2,500 2,083 - - 13,379
Em US$:
Financing with Ex-lm Bank
collateral 24,007 - - - - - 24,007
Spare engine facility - - 1,749,659 - - - 1,749,659
ESN 2024 11,149 22,299 145,149 - - - 178,597
Senior notes 2025 - - - 3,218,488 - - 3,218,488
Senior secured notes 2026 - - - - 2,357,443 - 2,357,443
Loan facility 15,044 30,948 31,991 33,113 98,494 - 209,590
Perpetual bonds - - - - - 769,843 769,843
Total 54,352 57,891 1,929,299 3,253,684 2,455,937 769,843 8,521,006
The fair value of debt on June 30, 2021, is as follows:

Book value (*) Fair value Book value (*) Fair value
Debêntures VII - - 587,802 591,666
ESN 2024 1,786,199 1,976,859 1,786,199 1,976,859
Senior Notes 2025 3,313,321 3,232,496 3,313,321 3,232,496
Senior Secured Notes 2026 2,357,443 2,545,269 2,357,443 2,545,269
Perpetual bonds 785,748 689,834 785,748 689,834
Other loans and financing - - 1,463,497 1,463,497
Total 8,242,711 8,444,458 10,294,010 10,499,621
(*) Total net of funding costs.
42
Information (ITR)
June 30, 2021
18.3. Covenants
The Company has financial covenants in Debentures VII, which obligation to measure such
indicators is semiannual. A waiver was granted by Debenture Holders regarding the non-
compliance with the financial rates and limits set.
43
Information (ITR)
June 30, 2021
19. Leases Payable
On June 30, 2021, the balance of leases payable includes: (i) R$31,249 relating to variable payments, not included in the measurement of
liabilities, and short-term leases (R$16,252 on December 31, 2020), which fall under the exemption provided for in IFRS 16; and (ii) R$7,664,680
referring to the present value on this date of future lease payments (R$7,567,940 on December 31, 2020).
The breakdown and changes in the present value of future lease payments are shown below:
Consolidated
December 31, 2020 June 30,2021
Weighted Not Current
Contractual Deposit in Interest Exchange
average rate Current Non-current Total Additions Payments Total Current
amendment guarantee incurred rate change
(p.a.)
In R$:
Leases without purchase
option 13.13% 32,530 14,985 47,515 - 32 (9,007) - 3,214 - 41,754 31,096 10,658
Total 32,530 14,985 47,515 - 32 (9,007) - 3,214 - 41,754 31,096 10,658
In US$:
Leases without purchase
option 11.97% 1,268,226 6,252,199 7,520,425 430,658 47,417 (515,891) (5,329) 441,848 (296,202) 7,622,926 1,802,486 5,820,440
Total 1,268,226 6,252,199 7,520,425 430,658 47,417 (515,891) (5,329) 441,848 (296,202) 7,622,926 1,802,486 5,820,440
Total Leases 1,300,756 6,267,184 7,567,940 430,658 47,449 (524,898) (5,329) 445,062 (296,202) 7,664,680 1,833,582 5,831,098
In the three-month and six-month periods ended June 30, 2021, the Company directly recognized in the cost from services, totaling R$14,427
e R$31,111, respectively, related to short-term leases and variable payments, on a straight-line basis.
44
Information (ITR)
June 30, 2021
The future payments of lease agreements are detailed as follows:

Without purchase option
June 30, 2021 December 31, 2020
2021 1,562,699 2,102,771
2022 2,013,608 1,982,685
2023 1,670,573 1,642,264
2024 1,291,179 1,260,405
2025 1,046,907 1,018,896
Thereafter 3,008,085 2,701,509
Total minimum lease payments 10,593,051 10,708,530
Less total interest (2,897,122) (3,124,338)
Present value of minimum lease payments 7,695,929 7,584,192
Less current portion (1,864,831) (1,317,008)
Non-current portion 5,831,098 6,267,184
19.1. Sale-Leaseback Transactions
During the six-month period ended June 30, 2021, the Company did not carry out sale-leaseback
transactions. In the six-month period ended June 30, 2020 the Company recognized a net gain
of R$ 372,712 and R$594,587 at parent company and consolidated respectively, from the sale-
leaseback transactions of 11 aircraft, recorded in the statement of operations in the group of
“Other income (expenses), net”, refer to note 30.
20. Suppliers

June 30, December December
2021 31, 2020 June 30, 2021 31, 2020
Local currency 50,711 48,345 1,165,214 1,164,193

Foreign currency 13,862 24,357 407,966 481,001
Total 64,573 72,702 1,573,180 1,645,194
Current 64,573 72,702 1,562,946 1,612,536

Non-current - - 10,234 32,658
21. Taxes to Collect

December 31, June 30, December
June 30, 2021 2020 2021 31, 2020
PIS and COFINS 277 216 23,935 23,647
Installment payments - PRT and PERT - - 37,375 41,641
Withholding income tax on salaries 41 43 17,550 33,011
ICMS - - 251 472
Income and social contribution taxes payable - - 3,847 13
Other 40 33 6,360 7,192
Total 358 292 89,318 105,976
Current 358 292 61,279 73,614

Non-current - - 28,039 32,362
45
Information (ITR)
June 30, 2021
22. Advance Ticket Sales

On June 30, 2021, the balance of advance ticket sales classified in current liabilities was
R$1,999,013 (R$2,050,799 on December 31, 2020) and is represented by 5,941,658 tickets sold
and not yet used (6,691,911 on December 31, 2020) with an average use of 120 days (102 days
on December 31, 2020).
Balances of advance ticket sales are shown net of breakage corresponding to R$274,197 on June
30, 2021 (R$299,188 on December 31, 2020).
On June 30, 2021, the Company has reimbursements to pay related to non-performed transports
in the amount of R$326,978 (R$253,963 on December 31, 2020), recorded as Other liabilities in
current liabilities.
23. Frequent-Flyer Program
Consolidated
December 31,
June 30, 2021 2020
Mileage program 2,187,188 2,145,097
Others 5,496 5,817
Breakage (567,902) (569,952)
Total 1,624,782 1,580,962
Current 1,280,022 1,258,502

Non-current 344,760 322,460
Breakage consists of estimating miles that have a high potential to expire due to their expected
non-use. IFRS 15 – “Revenue from Contract with Customers”, provides for the recognition of
revenue by the estimate (breakage) over the contractual period, therefore, before the
redemption of miles, given that this is not expected before expiration.
24. Provisions
Post-employment Aircraft and engine Legal

benefits return proceedings (a) Total
Balances on December 31, 2020 99,549 1,030,915 392,432 1,522,896
Recognition (reversal) of provision 8,707 168,218 154,604 331,529
Provisions used - (134,813) (103,169) (237,982)
Adjustment to present value - 36,529 - 36,529
Exchange rate change - (37,335) 397 (36,938)
Balances on June 30, 2021 108,256 1,063,514 444,264 1,616,034
On June 30, 2021

Current - 252,046 - 252,046
Non-current 108,256 811,468 444,264 1,363,988
Total 108,256 1,063,514 444,264 1,616,034
On December 31, 2020

Current - 169,381 - 169,381
Non-current 99,549 861,534 392,432 1,353,515
Total 99,549 1,030,915 392,432 1,522,896
(a) The provisions used consider write-offs due to the revaluation of estimates and settled processes.
46
Information (ITR)
June 30, 2021
24.1. Post-Employment Benefit
The Company offers to its employees health care plans that, due to complying with current
laws, generate obligations with post-employment benefits.
The actuarial assumptions applied when measuring the post-employment benefit remain the
same as those disclosed in the annual financial statements related to the year ended December
31, 2020.
Consolidated
June 30, 2021
Current service cost recognized in income (expenses) 4,785
Cost of interests recognized in income (expenses) 3,922
Total 8,707
24.2. Provisions for Aircraft and Engine Return
Such provision considers the costs that meet the contractual conditions for the return of engines
maintained under operating leases, as well as the costs to reconfigure aircraft when returned
as described in the return conditions of the lease agreements. The initial recognition is
capitalized against property, plant and equipment, under the item "Aircraft and engine
improvements".
24.3. Provision for Legal Proceedings
In June 30, 2021, the Company and its subsidiaries are involved in certain legal matters arising
from the regular course of their business, which include civil, administrative, tax, social
security, and labor lawsuits.
The Company classifies the risk of loss in legal proceedings as probable, possible, or remote.
The provision recorded in relation to such lawsuits is set by the Company's Management, based
on the analysis of its legal counsel, and reasonably reflects the estimated probable losses.
If the Company has lawsuits whose values are not known or reasonably estimated, but the
likelihood of loss is probable, these will not be recorded, but their nature will be disclosed.
The Company's Management believes that the provision for tax, civil and labor risks, recorded
in accordance with IAS 37, is sufficient to cover possible losses on administrative and judicial
proceedings, as shown below:
Consolidated
Probable loss Possible loss
2021 31, 2020 2021 31, 2020
Civil 96,511 100,806 70,286 64,181
Labor 322,976 269,297 213,832 238,702
Tax 24,777 22,329 613,357 574,356
Total 444,264 392,432 897,475 877,239
Details about the relevant lawsuits were disclosed in the annual financial statements related
to the year ended December 31, 2020. In the period ended June 30, 2021, there were no
changes regarding new proceedings or reclassification of the relevant risk of loss.
47
Information (ITR)
June 30, 2021
25. Shareholders’ Equity
25.1. Share Capital
On June 4, 2021, the Company's Board of Directors deliberated the increase of capital stock in
the amount of R$606,839, as a result of the corporate reorganization for the merger of Smiles,
with the issuance, by the Company, of 22,433,975 new preferred shares , 25,707,301 class B
preferred shares and 33,113,683 class C preferred shares, with class B and C shares redeemed
in the June’s month, within the scope of the approved merger proposal.
On June 15, 2021, the Directors’ Board ratified the capital increase, in the amount of R$423,061
with the issuance of 171,136,137 common shares and 12,581,185 preferred shares. In this same
act, the 171,136,137 common shares were converted into 4,889,603 preferred shares issued by
the Company, at the ratio of 35 common shares to 1 preferred share.
On June 30, 2021, the capital stock amount was R$4,039,336, represented by 3,177,611,730
shares, of which 2,863,682,710 common shares and 313,929,020 preferred shares (R$3,009,436,
represented by 3,137,706,967 shares, of which 2,863,682,710 common shares and 274,024,257
preferred shares on December 31, 2020). The capital stock is reduced of share issuing costs in
the amount of R$155,618 on June 30, 2021 and December 31, 2020.
The Company’s shares are held as follows:

June 30, 2021 December 31, 2020
Common Preferred Common Preferred
shares shares Total shares shares Total
Fundo Volluto (2) 100.00% - 20.67% 100.00% - 22.99%
Mobi FIA (2) - 32.85% 26.06% - 37.57% 28.93%
Path Ltd. (2) - 3.46% 2.74% - - -
Capital International - 5.07% 4.02% - - -
AirFrance - KLM - 1.35% 1.07% - 1.55% 1.19%
Others - 1.54% 1.22% - 1.91% 1.47%
Market - 55.73% 44.20% - 58.97% 45.41%
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
(1) In the context of Exchangeable senior notes 2024, issued in 2019, as a result of transactions related to the ADS lending facility, Bank of
America Corporation acquired 33,863,549 preferred shares, representing 10.8% of total preferred shares on June 30, 2021.
(2) Refers to legal entities controlled by the controlling shareholders (Constantino family).
The authorized share capital on June 30, 2021 is R$6 billions. Within the authorized limit, the
Company can, once approved by the Board of Directors, increase its capital regardless of any
amendment to its by-laws, by issuing shares, without necessarily maintaining the proportion
between the different types of shares. Under the law terms, in case of capital increase within
the authorized limit, the Board of Directors will determine the issuance conditions, including
pricing and payment terms.
25.2. Treasury Shares
On June 30, 2021, the Company had 1,217,285 treasury shares, totaling R$41,514 (1,824,034
shares totaling R$62,215 on December 31, 2020). On June 30, 2021, the closing market price for
treasury shares was R$22.96 (R$24.94 on December 31, 2020).
48
Information (ITR)
June 30, 2021
25.3. Interim dividends – Smiles Fidelidade
On March 25, 2021, the Smiles Fidelidade’s Board of Directors decided to distribute interim
dividends in the amount of R$500,000, of which R$236,992 were allocated to minority
shareholders and fully paid on April 16, 2021.
49
Information (ITR)
June 30, 2021
26. Earnings (Loss) per Share

The Company's earnings (loss) per share was determined as follows:

Three-month period ended
June 30, 2021 June 30, 2020
Common shares Preferred shares Total Common shares Preferred shares Total
Numerator
Net income (loss) for the period attributed to
controlling shareholders 144,024 498,889 642,913 (380,114) (1,616,799) (1,996,913)
Denominator
Weighted average number of outstanding
shares (in thousands) 2,863,683 282,200 2,253,594 223,863 -
Effect of dilutable titles - 430 - - -
Adjusted weighted average number of
outstanding shares and diluted presumed
conversions (in thousands) 2,863,683 282,630 2,253,594 223,863
In Brazilian Real (R$)

Basic earnings (loss) per share 0.050 1.768 (0.169) (7.222)
Diluted earnings (loss) per share 0.050 1.765 (0.169) (7.222)
50
Information (ITR)
June 30, 2021

Six-month period ended
June 30, 2021 June 30, 2020
Common shares Preferred shares Total Common shares Preferred shares Total
Numerator
Loss for the period attributed to controlling
shareholders (427,886) (1,457,604) (1,885,490) (815,688) (3,469,494) (4,285,182)
Denominator
Weighted average number of outstanding
shares (in thousands) 2,863,683 277,503 2,253,594 273,873
Adjusted weighted average number of
outstanding shares and diluted presumed
conversions (in thousands) 2,863,683 277,503 2,253,594 273,873
In Brazilian Real (R$)

Basic earnings (loss) per share (0.149) (5.253) (0.362) (12.668)
Diluted earnings (loss) per share (0.149) (5.253) (0.362) (12.668)
51
Information (ITR)
June 30, 2021
27. Share-Based Compensation

The conditions of the stock option and restricted share plans granted to the Company’s
Executive Officers were disclosed in detail in the annual financial statements related to the
year ended December 31, 2020, and did not change during the period ended June 30, 2021.
The changes in plans for the period ended June 30, 2021, are as follows:
27.1. Stock Option Plan – GOL
Weighted
Number of average exercise
stock options price
Outstanding options on December 31, 2020 7,529,612 11.59
Options exercised (111,557) 3.99
Options canceled and adjustments in estimated prescribed rights 57,664 15.36
Outstanding options on June 30, 2021 7,475,719 11.66
Number of options exercisable on:

December 31, 2020 5,752,726 10.32
June 30, 2021 6,011,535 10.74
The expenses recognized in the statement of operations for the period corresponding to the
stock option plan in the three-month and six-month periods ended June 30, 2021, were R$1,838
and R$4,626, respectively (R$2,594 and R$5,694 in the three-month and six-month periods
ended June 30, 2020).
27.2. Restricted Share Plan – GOL
Restricted
shares
Restricted shares transferable on December 31, 2020 1,203,483
Transferred shares (*) (595,976)
Canceled shares and adjustments to the estimate of expired rights 82,662
Transferable Restricted Shares on June 30, 2021 690,169
(*) During the period ended June 30, 2021, the Company transferred 581,499 shares via equity instruments (treasury shares) and
the amount of R$397 was paid in cash equivalent to 14,477 shares.
The expense recognized in the statement of operations for the period corresponding to the
restricted share plans in the three-month and six-month periods ended June 30, 2021, were
R$1,471 and R$3,518 respectively(R$2,491 and R$4,083 in the three-month and six-month
periods ended June 30, 2020).
27.3. Stock Option Plan – Smiles Fidelidade
There were no changes to options outstanding in the period ended June 30, 2021. On this date,
the average exercise price, adjusted for earnings distributions, is R$41.36 (R$48.42 on
December 31, 2020).
During the three-month and six-month periods ended June 30, 2021, the Company recorded
R$333 and R$666, respectively, in equity related to share-based compensation with a
corresponding entry in the statement of operations (R$1.195 in the period ended June 30,
2020).
52
Information (ITR)
June 30, 2021
Additionally, referenced in the Company’s shares, executives and employees are granted a
complementary cash-settled bonus, as a way of strengthening their commitment and
productivity with the incomes (expenses). On June 30, 2021, the balance of this obligation
totaled R$2,846 (R$1,881 on December 31, 2020) recorded under “Salaries, wages and
benefits”, referenced to 135,012 equivalent Company’s shares (R$119,784 on December 31,
2020). The same amount was recorded under “Salaries, wages and benefits” in the statement
of operations related to these bonuses (R$1,502 in the period ended June 30, 2020).
28. Transactions with Related Parties

28.1. Loan Agreements - Noncurrent Assets and Liabilities
The parent company maintains assets and liabilities from loan agreements with its subsidiary
GLA without interest, as shown in the table below:
Assets Liabilities
Type of Interest
Transacti Rate December December
Creditor Debtor on (p.a.) June 30, 2021 31, 2020 June 30, 2021 31, 2020
GOL GLA Mútuo 3.42% 897,049 915,226 6,694 -

GAC GLA Mútuo (*) 1,262,171 1,347,546 5,999 8,791
Gol Finance GLA Mútuo 3.99% 3,826,678 2,634,559 - -
Total 5,985,898 4,897,331 12,693 8,791
(*) According to the local legislation, the Company applies symbolic interest rates.
Additionally, on June 30, 2021, the Company had no balance of dividends, and interest on
shareholders’ equity receivable (R$24,120 on December 31, 2020).
In addition to the values above, the following table shows the other balances between the
Companies eliminated in the Consolidated:
Balances
Maturity of Interest
the Rate December
Creditor Debtor Type of Transaction Agreements (p.a.) June 30, 2021 31, 2020
Gol Finance GOL Bônus de subscrição(*) 07/2024 - 602,350 602,350
Gol Finance Inc. GAC Mútuo 01/2023 8.64% 1,122,587 1,149,501
Gol Finance GAC Mútuo 03/2025 3.83% 1,039,748 1,157,009
Gol Finance Gol Finance Inc. Mútuo 04/2023 1.92% 482,098 305,702
Gol Finance Inc. Gol Finance Mútuo 07/2020 11.70% 1,737 1,805
Compra antecipada de
Smiles Fidelidade GLA passagens 12/2032 4.79% 2,065,622 2,011,291
Smiles Fidelidade GLA Venda de milhas 12/2032 - 6,742 9,627
Smiles Fidelidade GLA Taxa de administração 12/2032 - 247 308
Carta acordo de
Smiles Fidelidade GLA indenização - - 530 530
Serviços
GLA Smiles Fidelidade compartilhados 12/2032 - 6,880 6,363
GLA Smiles Fidelidade Repasse 12/2032 - 23,561 15,683
Smiles Fidelidade Smiles Viagens Dividendos - - 267 267
Smiles Viagens Smiles Fidelidade Repasses - - 4,159 414
Smiles Argentina Smiles Fidelidade Repasses - - 6,796 5,152
Total 5,363,324 5,266,002
(*) Through Gol Equity Finance, the subsidiary Gol Finance acquired warrants issued by the Company in the context of the issue of Exchangeable
Senior Notes.
53
Information (ITR)
June 30, 2021
28.2. Transportation and Consulting Services
In the course of its operations, the Company, by itself and through its subsidiaries, entered into
agreements with the companies listed below, part of the same economic group as the Company:
• Expresso Caxiense S.A.: Provision of passenger transportation services in case of an

interrupted flight, effective until March 9, 2023; and
• Viação Piracicabana Ltda.: Provision of passenger, baggage, crew, and employee

transportation services between airports, effective until September 30, 2021.
On June 30, 2021, GLA recognized total expenses related to these services of R$1,601 (R$3,622
on June 30, 2020). On the same date, the balance payable to related companies, under
“Suppliers”, was of R$4,965 (R$3,344 on December 31, 2020), and refers to transportation
services with Viação Piracicabana Ltda and Expresso Caxiense S.A.
28.3. Contracts Account Opening UATP (“Universal Air Transportation Plan”) to Grant Credit
Limit
The subsidiary GLA entered into UATP account opening agreements with the related parties
indicated below: Aller Participações S.A.; BR Mobilidade Baixada Santista S.A. SPE; Breda
Transportes e Serviços S.A.; Comporte Participações S.A.; Empresa Cruz de Transportes Ltda.;
Empresa de Ônibus Pássaro Marrom S.A.; Empresa Princesa do Norte S.A.; Expresso Itamarati
S.A.; Expresso Maringá do Vale S.A.; Expresso União Ltda.; Glarus Serviços Tecnologia e
Participações S.A.; Limmat Participações S.A.; Quality Bus Comércio de Veículos S.A.; Super
Quadra Empreendimentos Imobiliários S.A.; Thurgau Participações S.A.; Transporte Coletivo
Cidade Canção Ltda.; Turb Transporte Urbano S.A.; Vaud Participações S.A.; and Viação
Piracicabana Ltda.; all with no expiration date, whose purpose is to issue credits to purchase
airline tickets issued by the Company. The UATP account (virtual card) is accepted as a payment
means on the purchase of airline tickets and related services, seeking to simplify billing and
make feasible payment between the participating companies.
The companies indicated above are owned by the individuals who control FIP Volutto and Mobi
FIA, the main shareholders of the Company.
28.4. Commercial Partnership and Maintenance Agreement
At February 19, 2014, the Company signed an exclusive strategic partnership agreement for
business cooperation with AirFrance-KLM. On January 1, 2017, the Company signed an extension
of the scope for the inclusion of maintenance services. During the six-month period ended June
30, 2021, expenses with component maintenance incurred at the AirFrance-KLM workshop were
R$34,420 (R$171,290 in the period ended June 30, 2020). On June 30, 2021, the Company has
R$80,091 in the “Suppliers” account under current liabilities (R$72,519 on December 31, 2020).
28.5. Guarantee-Provision Compensation Agreement
On October 27, 2020, the Company, through its subsidiary Gol Finance, issued a debt
(guaranteed financing) totaling US$250 million, which holds guarantee of assets granted by
Mobi FIA, through the execution of the Pledge Agreement of Shares, Assets and Credit Rights
and in consideration, it will receive remuneration from the Company, according to the terms
agreed in the agreement. For additional information, see Note 18.
54
Information (ITR)
June 30, 2021
On June 30, 2021, this debt was fully paid and the guarantees were released from their pledge.
28.6. Compensation of the Key Management Personnel
Consolidated Consolidated
(*)
Salaries, wages and benefits 16,066 4,197 29,637 17,164
Related taxes and charges 6,230 6,809 7,731 8,637
Share-based compensation 4,622 2,647 9,590 5,201
Total 26,918 13,653 46,958 31,002
(*) Includes compensation for members of the management, audit committee, and fiscal council.
29. Revenue
Consolidated
Passenger transportation (*) 919,445 251,263 2,382,290 3,277,761

Cargo transportation 81,900 44,769 167,044 145,125
Mileage program 82,836 79,655 171,100 189,546
Other revenue 7,500 7,457 15,226 37,767
Gross Revenue 1,091,681 383,144 2,735,660 3,650,199
Related tax (63,309) (25,296) (139,661) (144,624)

Net Revenue 1,028,372 357,848 2,595,999 3,505,575
(*) Of the total amount, the total of R$ 107,162 and R$219,308 for the three-month and six-month periods ended June 30, 2021, are made
up of the revenue from non-attendance of passengers, rescheduling, ticket cancellation (R$ 17,697 and R$156,953 for the three-month
and six-month periods ended June 30, 2020).
In the three-month and six-month periods ended June 30, 2021, revenues earned in the
international market represent less than 10% of total revenues.
55
Information (ITR)
June 30, 2021
30. Costs of Services and Operational Expenses
Parent Company
Selling Expenses
Sales and Marketing (48) - (48) -
Other Selling Expenses (345) - (345) -
Total Selling Expenses (393) - (393) -
Administrative Expenses
Salaries (4,352) (304) (7,812) (1,424)
Services (6,378) (494) (24,545) (2,672)
Other administrative expenses (66,105) (1,373) (72,058) (3,074)
Total Administrative Expenses (76,835) (2,171) (104,415) (7,170)
Other Operational Revenues (Expenses)

Sale-Leaseback Transactions (a) - - - 372,712
Other Operating Expenses (9) (49) 480 3,547
Total Other Operating Revenues and
(Expenses), Net (9) (49) 480 376,259
Total (77,237) (2,220) (104,328) 369,089

(a) During the period of June 30, 2021, the Company did not realize sale-leaseback transactions During the period of June 30, 2020, the Company
recorded a net gain of R$372,712 arising from sale-leaseback operations of 11 aircrafts negotiated within the period).
56
Information (ITR)
June 30, 2021
Consolidated
Cost of services provided

Personnel (296,421) (56,859) (608,467) (510,175)
Aircraft fuel (376,187) (135,785) (942,315) (1,136,923)
Maintenance, material and repairs (87,965) (73,746) (241,331) (218,067)
Passenger costs (118,574) (27,183) (226,590) (203,224)
Services provided (34,953) (40,923) (77,992) (86,416)
Landing fees (69,689) (20,331) (183,754) (222,073)
Depreciation and amortization (193,256) (109,481) (433,160) (579,809)
Other operating costs (66,898) (37,698) (165,579) (125,229)
Total cost of services provided (1,243,943) (502,006) (2,879,188) (3,081,916)
Selling expenses
Personnel (7,708) (4,248) (13,830) (13,677)
Sales and marketing (58,489) (43,030) (124,850) (161,042)
Other selling expenses (8,380) (2,183) (16,163) (8,369)
Total selling expenses (101,046) (66,217) (204,825) (235,174)
Administrative expenses
Salaries (a) (165,550) (92,125) (311,814) (224,603)
Depreciation and amortization (24,548) (33,715) (58,268) (65,461)
Other administrative expenses (110,975) (30,527) (173,634) (101,435)
Total administrative expenses (432,030) (239,440) (795,223) (567,717)
Other operational revenues (expenses)

Sale-leaseback transactions (b) - - - 594,587
Boeing agreement expense recovery - - - 193,503
Recovery of taxes paid - - 59,874 143,293
Idleness - depreciation and amortization (80,535) (347,349) (143,210) (347,349)
Idleness – personnel (320) (87,908) (320) (87,908)
Other operating expenses 19,253 (12,528) 34,140 10,927
Total other operating revenues and
(61,602) (447,785) (49,516) 507,053
(expenses), net
Total (1,838,621) (1,255,448) (3,928,752) (3,377,754)

(a) The Company recognizes compensation paid to members of the Audit Committee, the Board of Directors and the Fiscal Council in the "Salaries" line item.
(b) Refer to note 19.1
57
Information (ITR)
June 30, 2021
31. Financial Income (Expenses)

Three-month period Three-month period
ended Six-month period ended ended Six-month period ended
June 30, June 30, June 30, June 30, June 30, June 30, June 30, June 30,
2021 2020 2021 2020 2021 2020 2021 2020
Financial revenue
Gain on derivatives - - - - - 58,512 2,959 58,512
Derivative gains - capped call (b) - 28,972 - 28,972 - 28,972 - 28,972
Gains from short-term investments 1,206 68 1,263 5,294 6,732 34,754 13,644 154,233
Monetary variation 554 632 737 948 4,613 3,156 9,628 7,807
(-) Taxes on financial income (a) (477) (518) (889) (1,057) (4,964) (11,771) (9,755) (24,883)
Unrealized gains - conversion right – ESN (b) 6,358 76,259 124,954 651,616 6,358 76,259 124,954 651,616
Interest income 32,395 39,179 62,796 71,906 3,817 - 3,817 -
Other 3,003 4,636 5,998 8,465 3,675 6,519 18,404 18,390
Total financial income 43,039 149,228 194,859 766,144 20,231 196,401 163,651 894,647
Financial expenses
Derivative losses - - - - (464) (63,270) (1,045) (417,798)
Derivative losses - capped call (b) 24,520 - (21,587) (148,500) 24,520 - (21,587) (148,500)
Unrealized loss - conversion right – ESN (b) - (242,480) - (242,480) - (242,480) - (242,480)
Interest on debt and others (172,133) (150,940) (334,653) (281,973) (237,545) (205,437) (450,090) (411,993)
Bank charges and expenses (2,053) (5,635) (17,184) (51,021) (13,574) (16,720) (40,522) (68,005)
Loss on short-term investments - - - - - (5,646) - (62,894)
Interest on leases - - - - (217,735) (164,150) (445,058) (302,539)
Other (17,400) (7,886) (28,993) (17,226) (34,059) (25,054) (89,053) (67,004)
Total financial expenses (167,066) (406,941) (402,417) (741,200) (478,857) (722,757) (1,047,355) (1,721,213)
Exchange rate variation, net 460,872 (161,161) 136,123 (882,424) 1,938,545 (570,024) 401,305 (3,513,428)
Total 336,845 (418,874) (71,435) (857,480) 1,479,919 (1,096,380) (482,399) (4,339,994)

(a) Relative to taxes on financial income (PIS and COFINS), according to Decree 8,426 of April 1, 2015.
(b) See Note 34.2.
58
Information (ITR)
June 30, 2021
32. Information by Segment

The information below presents the summarized financial position of the reportable operating
segments on June 30, 2021, and December 31, 2020:
32.1. Assets and liabilities of the operating segments
June 30, 2021

Flight Smiles loyalty Total reportable
transportation program segments Eliminations Total
Assets
Current 2,053,651 1,641,478 3,695,129 (1,124,968) 2,570,161
Non-current 9,445,840 1,103,156 10,548,996 (1,549,997) 8,998,999
Total assets 11,499,491 2,744,634 14,244,125 (2,674,965) 11,569,160
Liabilities
Current 9,925,745 1,495,411 11,419,114 (900,940) 10,518,175
Non-current 17,320,046 571,587 17,891,633 (1,094,346) 16,797,285
Total equity (deficit) (15,746,300) 679,678 (15,066,734) (679,678) (15,746,300)
Total liabilities and deficit 11,499,491 2,744,634 14,244,125 (2,674,964) 11,569,160
December 31, 2020

Smiles Combined
Flight Frequent-Flyer Operating Total
Transportation Program Segments Eliminations Consolidated
Assets
Current 2,059,655 2,453,838 4,513,493 (1,268,142) 3,245,351
Noncurrent 10,040,986 908,246 10,949,232 (1,380,447) 9,568,785
Total Assets 12,100,641 3,362,084 15,462,725 (2,648,589) 12,814,136
Liabilities
Current 9,975,367 1,502,179 11,477,546 (1,079,330) 10,398,216
Noncurrent 16,532,366 509,577 17,041,943 (858,964) 16,182,979
Shareholders’ Equity (Deficit) (14,407,092) 1,350,328 (13,056,764) (710,295) (13,767,059)
Total Liabilities and
Shareholders’ Equity (Deficit) 12,100,641 3,362,084 15,462,725 (2,648,589) 12,814,136
59
Information (ITR)
June 30, 2021
32.2. Income (Expenses) of the Operating Segments
Six-month period ended June 30, 2021

Total
Flight Smiles loyalty Total
reportable
transportation program (b) consolidated
segments Eliminations
Revenue
Passenger (a) 2,166,194 - 2,166,194 137,658 2,303,852
Cargo and other (a) 168,014 - 168,014 (17,324) 150,690
Mileage program (a) - 315,296 315,296 (173,839) 141,457
Revenue 2,334,208 315,296 2,649,504 (53,505) 2,595,999
Operating costs and expenses

Salaries, wages and benefits (893,710) (40,721) (934,431) - (934,431)
Aircraft fuel (942,315) - (942,315) - (942,315)
Landing fees (183,754) - (183,754) - (183,754)
Aircraft, traffic and mileage
servicing (326,013) (93,612) (419,625) 40,144 (379,481)
Passenger service expenses (226,590) - (226,590) - (226,590)
Sales and marketing (86,570) (32,986) (119,556) (5,294) (124,850)
Maintenance, materials and repairs (241,331) - (241,331) - (241,331)
Depreciation and amortization (616,723) (17,915) (634,638) - (634,638)
Other income (expenses), net (259,465) (1,897) (261,362) - (261,362)
Total operating costs and expenses (3,776,471) (187,131) (3,963,602) 34,850 (3,928,752)
Equity results 67,876 - 67,876 (67,876) -

Operating result before financial
result, net and income tax and
social contribution (1,374,387) 128,165 (1,246,222) (86,531) (1,332,753)
Financial income (expenses)

Financial income 157,930 42,811 200,741 (37,090) 163,651
Financial expenses (1,083,838) (607) (1,084,445) 37,090 (1,047,355)
Total financial income (expenses) (925,908) 42,204 (883,704) - (883,704)
Income (loss) before exchange rate

variation, net and income tax and
social contribution (2,300,295) 170,369 (2,129,926) (86,531) (2,216,457)
Exchange rate variation, net 398,761 2,544 401,305 - 401,305

Income (loss) before income tax
and social contribution (1,901,534) 172,913 (1,728,621) (86,531) (1,815,152)
Income tax and social contribution 16,044 (54,976) (38,932) 6,328 (32,604)
Net income (loss) for the period (1,885,490) 117,937 (1,767,553) (80,203) (1,847,756)
Attributable to equity holders of the

parent (1,885,490) 80,203 (1,805,287) (80,203) (1,885,490)
Attributable to non-controlling
interests of Smiles - 37,734 37,734 - 37,734
60
Information (ITR)
June 30, 2021
Six-month period ended June 30, 2020

Total
Flight Smiles loyalty Total
reportable
transportation program (b) consolidated
segments Eliminations
Revenue
Passenger (a) 3,136,765 - 3,136,765 47,871 3,184,636
Cargo and other (a) 170,964 - 170,964 (39,571) 131,393
Mileage program (a) - 227,889 227,889 (38,343) 189,546
Revenue 3,307,729 227,889 3,535,618 (30,043) 3,505,575
Operating costs and expenses

Salaries, wages and benefits (796,056) (40,307) (836,363) - (836,363)
Aircraft fuel (1,136,923) - (1,136,923) - (1,136,923)
Landing fees (222,073) - (222,073) - (222,073)
Aircraft, traffic and mileage
(314,720)
servicing (288,612) (81,207) (369,819) 55,099
Passenger service expenses (203,224) - (203,224) - (203,224)
Sales and marketing (129,965) (27,540) (157,505) (3,537) (161,042)
Maintenance, materials and repairs (218,067) - (218,067) - (218,067)
Depreciation and amortization (1,003,699) (14,882) (1,018,581) - (1,018,581)
Other income (expenses), net 732,307 932 733,239 - 733,239
Total operating costs and expenses (3,266,312) (163,004) (3,429,316) 51,562 (3,377,754)
Equity results 43,660 - 43,660 (43,660) -

Operating result before financial
result, net and income tax and
social contribution 85,077 64,885 149,962 (22,141) 127,821
Financial income (expenses)

Financial income 880,745 44,566 925,311 (30,664) 894,647
Financial expenses (1,740,867) (11,126) (1,751,993) 30,780 (1,721,213)
Total financial income (expenses) (860,122) 33,440 (826,682) 116 (826,566)
Income (loss) before exchange rate

variation, net and income tax and
social contribution (775,045) 98,325 (676,720) (22,025) (698,745)
Exchange rate variation, net (3,511,199) (2,130) (3,513,329) (99) (3,513,428)

Income (loss) before income tax
and social contribution (4,286,244) 96,195 (4,190,049) (22,124) (4,212,173)
Income tax and social contribution 1,062 (40,293) (39,231) (7,286) (46,517)
Net income for the period (4,285,182) 55,902 (4,229,280) (29,410) (4,258,690)
Attributable to equity holders of the

parent (4,285,182) 29,410 (4,255,772) (29,410) (4,285,182)
Attributable to non-controlling
interests of Smiles - 26,492 26,492 - 26,492
(a) Eliminations are related to transactions between GLA and Smiles Fidelidade.
(b) Incluides depreciation and amortization expenses in the amount of R$449,226 in the period ended June,30,2021 allocated to the
following segments: R$433,160 for flight transportation and R$16,066 for the Smiles lovalty program (R$489,703 and R$6,587 in the
period ended June,30,2020, respectively).
(c) Includes depreciation and amortization expenses in the amount of R$42,202 in the period ended June 30, 2021 allocated to the following
segments: R$40,353 for flight transportation and R$1,849 for the Smiles loyalty program (R$30,578 and R$898 in the period ended June 30, 2020,
respectively).
(d) Includes depreciation and amortization charges (idle) totaling R$143,210 for the period ended June 30, 2021, allocated entirely in the air
transportation segment (R$347,439 in the period ended June 30, 2020).
In the stand-alone financial statements of the subsidiary Smiles Fidelidade, which represents
the segment Smiles loyalty program, and in the information provided to the relevant decision
makers, the revenue recognition occurs upon redemption of the miles by the participants.
Under the perspective of Smiles Fidelidade, this measurement is appropriate given that this is
when the revenue recognition cycle is complete. At this point, Smiles has transferred to its
suppliers the obligation to provide services or deliver products to its customers.
61
Information (ITR)
June 30, 2021
However, from a consolidated perspective, the revenue recognition cycle related to miles
exchanged for flight tickets is only complete when the passengers are effectively transported.
Therefore, for purposes of reconciliation with the consolidated assets, liabilities and income
and expenses, as well as for purposes of equity method of accounting and for consolidation
purposes, the Company performed, in addition to elimination entries, consolidating
adjustments to adjust the accounting practices related to Smiles’ revenues. In this case, under
consolidated perspective, the mileages that were used to redeem airline tickets are only
recognized as revenue when passengers are transported, in accordance with accounting
practices and policies adopted by the Company.
33. Commitments
On June 30, 2021 and December 31, 2020, the Company had 95 firm orders for aircraft
acquisitions with Boeing. These aircraft acquisition commitments include estimates for
contractual price increases during the construction phase. The approximate amount of firm
orders in the current period considers an estimate of contractual discounts, and corresponds to
around R$23,567,598 (R$23,269,198 on December 31, 2020) corresponding to US$4,711,446 on
June 30, 2021 (US$4,447,687 on December 31, 2020) and are segregated as follows:
Consolidated
June 30, 2021 December 31, 2020
2022 899,270 -
2023 3,543,090 3,353,702
2024 onwards 19,125,238 19,915,496
Total 23,567,598 23,269,198
Of the total commitments presented above, the Company should disburse the amount of
R$8,371,226 (corresponding to US$1,673,509 on June 30, 2021) as advances for aircraft
acquisition, according to the financial flow below:
Consolidated
June 30, 2021 December 31, 2020
2021 182,092 184,951
2022 1,475,197 1,287,077
2023 2,697,202 2,657,000
2024 onwards 4,016,735 4,186,740
Total 8,371,226 8,315,768
The Company leases its entire aircraft fleet through a combination of leases without a purchase
option. On June 30, 2021, the total fleet consisted of 127 aircraft.
34. Financial Instruments and Risk Management

Operational activities expose the Company and its subsidiaries to market risk, credit risk and
liquidity risk. These risks can be mitigated by using exchange swap derivatives, futures and
options contracts based on oil, U.S. dollar and interest markets.
Financial instruments are managed by the Financial Policy Committee (“CPF”) in line with the
Risk Management Policy approved by the Risk Policy Committee (“CPR”) and submitted to the
Board of Directors.
The details regarding how the Company manages risks have been widely presented in the annual
financial statements related to the year ended December 31, 2020. Since then, there have been
no changes.
62
Information (ITR)
June 30, 2021
34.1. Accounting Classifications of Financial Instruments
The accounting classifications of the Company's consolidated financial instruments on June 30, 2021, and December 31, 2020, are shown below:
Measured at fair value Amortized Measured at fair value Amortized
through profit or loss cost (d) through profit or loss cost (d)
June 30, December June 30, December June 30, December June 30, December
2021 31, 2020 2021 31, 2020 2021 31, 2020 2021 31, 2020
Ativo 31/03/2021 31/1020
Cash and bank deposits 25,513 374,271 - - 75,761 428,812 - -
Cash equivalents 423,135 49,666 - - 684,508 234,018 - -
Short-term investments 103 236 - - 23,006 629,335 - -
Restricted cash 4,445 4,201 - - 313,815 544,607 - -
Trade receivables - - - - - - 717,408 739,699
Derivatives assets 63,574 87,663 - - 63,574 128,809 - -
Deposits (a) - - 2,502 68,423 - - 1,254,320 1,390,890
Dividends and interest shareholders on equity - - - 24,120 - - - -
Credits with related parties - - 5,985,898 4,897,331 - - - -
Other credits and amounts - - 9,109 9,640 - - 155,420 179,160
Passivo
Loans and financing (b) 205,838 346,030 8,036,873 7,283,683 205,838 346,030 10,088,172 9,630,936
Leases payable - - - - - - 7,695,929 7,584,192
Suppliers - - 64,573 72,702 - - 1,573,180 1,645,194
Derivatives liabilities - - - - - 5,297 - -
Obligations to related parties - - 12,693 8,791 - - - -
Other liabilities - - 427,634 316,030 - - 842,808 618,754
(a) Excludes judicial deposits, as described in note 14.
(b) The amount as of June 30, 2021 and December 31, 2020, classified as measured at fair value through profit or loss, is related to the derivative contracted through Exchange Senior Notes.
63
Information (ITR)
June 30, 2021
In the period ended June 30, 2021, there was no change in the classification between categories
of the financial instruments.
34.2. Derivative and Non-Derivative Financial Instruments
The Company's derivative financial instruments were recognized as follows in the balance
sheet:
Non-
Derivatives derivative
Foreign Revenue
Fuel Interest rate curency rate Capped call ESN hedge Total
Fair value changes
Derivatives assets (liabilities) on
December 31, 2020 34,166 - 1,683 87,663 (346,030) - (222,518)
Gains (losses) recognized in income
(expenses) - - 635 (21,587) 132,470 - 111,518
Gains (losses) recognized as
exchange rate change - - - (2,502) 7,722 - 5,220
Gains (losses) recognized in equity
valuation adjustments 96,847 - - - - - 96,847
Receipts during the period (131,013) - (2,318) - - - (133,331)
Derivatives assets (liabilities) on
June 30, 2021 - - - 63,573 (205,838) - (142,264)
Derivative assets - - - 63,574 - - 63,574
Loans and financing - - - - 205,838 - 205,838
Changes in the adjustment of

equity valuation
Balance on December 31, 2020 (164,789) (303,207) - - - (843,080) (1,311,076)

Fair value adjustments during the
period 96,847 - - - - - 96,847
Adjustments of hedge accounting
of revenue - - - - - 259,345 259,345
Net reversal to income (expenses) 55,384 3,236 - - - 970 59,590
Balances on June 30, 2021 (12,558) (299,971) - - - (582,765) (895,294)
Effects on income (expenses) (55,384) (3,236) 635 (24,090) 140,192 (260,315) (202,197)
Net Revenue - - - - - (150) (150)
Fuel (57,637) - - - - - (57,637)
Financial results 2,253 (3,236) - (21,587) 132,470 - 109,900
Exchange rate variation, net - - 635 (2,502) 7,722 (260,165) (254,310)
The Company may adopt hedge accounting for derivatives contracted to hedge cash flow and
that qualify for this classification as per IFRS 9 – “Financial Instruments”.
On June 30, 2021, the Company adopts cash flow hedge for the interest rate (mainly the Libor
interest rates), and for aeronautical fuel protection and future revenue in U.S. Dollars.
Cash flow hedges are scheduled for realization and, therefore, reclassification to expense
according to the following periods:
2021 2022 2023 2024 2025 onwards

Fuel (1,090) (11,468) - - -
Interest Rate (8,530) (21,297) (26,205) (26,043) (217,896)
Revenue Hedge (20,677) (155,293) (263,645) (143,150) -
Total (30,297) (188,058) (289,850) (169,193) (217,896)
64
Information (ITR)
June 30, 2021
34.3. Market Risks
34.3.1. Fuel
The aircraft fuel prices fluctuate due to the volatility of the price of crude oil by product price
fluctuations. To mitigate such risks, the Company may use derivative financial instruments. On
June 30, 2021, the Company didn’t have derivatives to protect this exposure.
34.3.2. Interest Rate
The Company is mainly exposed to lease transactions indexed to changes in the Libor rate until
the aircraft is received. To mitigate such risks, the Company can use derivative financial
instruments. On June 30, 2021, the Company didn’t have derivatives to protect against interest
rate exposure.
On June 30, 2021, the Company held financial investments and loans and financing with
different types of fees. Its sensitivity analysis of non-derivative financial instruments examined
the impact on annual interest rates only for positions with material amounts on June 30, 2021
that were exposed to fluctuations in interest rates, as the scenarios below show. The amounts
show the impacts on Income (Expenses) according to the scenarios adopted below:
Short-term investments net of financial debt (a)

Risk CDI rate drop Libor rate increase
Reference rates 4.15% 0.08%
Exposure amount (probable scenario) (b) 186,788 (2,867,820)
Remote favorable scenario (-25%) 234 579
Possible favorable scenario (-10%) 94 231
Possible adverse scenario (+10%) (94) (231)
Remote adverse scenario (+25%) (234) (579)
(a) Refers to the sum of the amounts invested and raised in the financial market and indexed to the CDI and Libor rates.
(b) Book balances recorded as of June 30, 2021.
65
Information (ITR)
June 30, 2021
34.3.3. Exchange Rate
Foreign currency risk derives from the possibility of unfavorable fluctuation of foreign currency
to which the Company’s liabilities or cash flows are exposed. The Company is mainly exposed
to the exchange rate change of the U.S. dollar.
The Company’s foreign currency exposure is summarized below:

June 30, December 31, December
June 30, 2021
2021 2020 31, 2020
Ativos
Cash equivalents, short-term investments and
restricted cash 26,933 374,979 86,180 491,258
Trade receivables - - 83,376 120,167
Deposits 2,502 68,423 1,254,320 1,390,890
Derivatives assets 63,574 87,663 63,574 128,809
Total do ativo 93,009 531,065 1,487,450 2,131,124
Liabilities
Loans and financing (8,242,711) (7,629,713) (9,514,948) (9,132,988)
Operating leases - - (7,654,355) (7,536,677)
Suppliers (13,862) (24,357) (407,966) (481,001)
Provision for aircraft and engine return - - (1,063,514) (1,030,915)
Derivatives liabilities - - - (5,297)
Total liabilities (8,256,573) (7,654,070) (18,640,783) (18,186,878)
Exchange exposure (8,163,564) (7,123,005) (17,153,333) (16,055,754)
Commitments not recorded in the statements

of financial position
Future obligations resulting from firm aircraft
orders (23,567,598) (23,269,198) (23,567,598) (23,269,198)
Total (23,567,598) (23,269,198) (23,567,598) (23,269,198)
Total foreign currency exposure - R$ (31,731,162) (30,392,203) (40,720,931) (39,324,952)

Total foreign currency exposure - US$ (6,343,441) (5,848,366) (8,140,604) (7,567,293)
Exchange rate (R$/US$) 5.0022 5.1967 5.0022 5.1967
On June 30, 2021, the Company adopted the closing exchange rate of R$5.0022/US$1.00 as a
likely scenario. The table below shows the sensitivity analysis and the effect on income
(expenses) of exchange rate fluctuations in the exposure amount of the period on June 30,
2021:
Effect on Income (Expenses)
Exchange rate Parent Company Consolidated
Net liabilities exposed to the risk of
appreciation of the U.S. dollar
Dollar depreciation (-25%) 3.7517 2,040,891 4,288,333
Dollar depreciation (-10%) 4.5020 816,356 1,715,333
Dollar appreciation (+10%) 5.5024 (816,356) (1,715,333)
Dollar appreciation (+25%) 6.2528 (2,040,891) (4,288,333)
66
Information (ITR)
June 30, 2021
34.3.4. Capped Call
The Company, through Gol Equity Finance, in the context of the pricing of the ESN issued on
March 26, April 17 and July 17, 2019, contracted private derivative transactions (Capped call)
with part of the note subscribers with the purpose of minimizing the potential dilution of the
Company’s preferred shares and ADSs.
34.4. Credit Risk
Credit risk is inherent in the Company’s operating and financing activities, mainly in cash and
cash equivalents, short-term investments and trade receivables. Financial assets classified as
cash, cash equivalents and financial investments are deposited with counterparties that have
a local minimum investment grade rating in the assessment made by the S&P or Moody's
agencies (between AAA and AA-), as established by risk management policies.
Credit limits are set for all customers based on internal credit rating criteria and carrying
amounts represent the maximum credit risk exposure. Customer creditworthiness is assessed
based on an internal system of extensive credit rating. Outstanding trade receivables are
frequently monitored by the Company.
Derivative financial instruments are contracted in the over-the-counter market (OTC) with
counterparties rated investment grade or higher, or in a commodities and futures exchange (B3
or NYMEX), thus substantially mitigating credit risk. The Company's obligation is to evaluate
counterparty risk involved in financial instruments and periodically diversify its exposure.
34.5. Liquidity risk
The Company is exposed to liquidity risk in two distinct ways: (i) market prices, which vary in
accordance with the types of assets and markets where they are traded, and (ii) cash flow
liquidity risk related to difficulties in meeting the contracted operating obligations at the
maturity dates. In order to manage liquidity risk, the Company invests its funds in liquid assets
(government bonds, CDBs and investment funds with daily liquidity) and its Cash Management
Policy requires the weighted average maturity of its debt to be longer than the weighted
average term of its investment portfolio term.
The schedules of financial liabilities held by the Company on June 30, 2021 and December 31,
2020 are as follows:
Parent Company
Less than 6 to 12 More than
1 to 5 years Total
6 months months 5 years
Loans and financing 147,278 - 7,325,590 769,843 8,242,711
Suppliers 64,573 - - - 64,573
Obligations to related parties - - 12,693 - 12,693
Other liabilities 53 - 427,581 - 427,634
As of June 30, 2021 211,904 - 7,765,864 769,843 8,747,611
Loans and financing 638,965 - 6,201,580 789,168 7,629,713

Suppliers 72,702 - - - 72,702
Obligations to related parties 8,791 - - - 8,791
Other liabilities - - 316,030 - 316,030
As of December 31, 2020 720,458 - 6,517,610 789,168 8,027,236
67
Information (ITR)
June 30, 2021
Consolidated
Less than 6 to 12 More than
1 to 5 years Total
6 months months 5 years
Loans and financing 1,570,337 202,667 8,460,767 60,239 10,294,010
Suppliers 1,175,629 689,202 4,295,309 1,535,789 7,695,929
Obligations to related parties 1,562,946 - 10,234 - 1,573,180
Other liabilities 381,582 - 461,227 - 842,809
As of June 30, 2021 4,690,494 891,869 13,227,537 1,596,028 20,405,928
Loans and financing 2,120,462 232,817 6,804,167 819,520 9,976,966

Leases to pay 647,850 669,158 4,763,614 1,503,570 7,584,192
Suppliers 1,612,536 - 32,658 - 1,645,194
Derivative obligations 5,297 - - - 5,297
Other liabilities 287,275 - 331,479 - 618,754
As of December 31, 2020 4,673,420 901,975 11,931,918 2,323,090 19,830,403
34.6. Capital Management
The Company seeks alternatives to capital in order to meet its operational needs, aiming a
capital structure that considers suitable parameters for the financial costs, the maturities of
funding and its guarantees. The Company monitors its financial leverage ratio, which
corresponds to net indebtedness, including short and long-term loans and financing and leases.
The following table shows the financial leverage:
Consolidated
December 31,
June 30, 2021 2020
Total Loans and Financing 10,294,010 9,976,966

Total Leases Payable 7,695,929 7,584,192
(-) Cash and Cash Equivalents (760,269) (662,830)
(-) Financial Investments (23,006) (629,335)
(-) Restricted cash (313,815) (544,607)
Net Debt 16,892,849 15,724,386
68
Information (ITR)
June 30, 2021
35. Non-Cash Transactions

Parent Company
June 30, June 30,
2021 2020
Share-based payment (investments/share-based payment) 8,547 10,405
Unrealized result of derivatives (investments/equity valuation adjustment) 415,782 (1,078,439)
Actuarial Losses from post-employment benefits - 27,287
Capital increase with shares issued to non-controlling shareholders 606,839 -
Results on treasury shares disposal 279 -
Treasury shares transfer 19,834 -
Consolidated
June 30, June 30,
2021 2020
Acquisition of property, plant and equipment through financing (fixed assets / loans
and financing) - 25,974
Debt amortization with restricted cash (restricted cash / loans and financing) 198,270 -
Debt amortization with applied deposits (deposits / lease payables) (8,126) -
Right to use flight equipment (fixed assets / leases payable) 430,658 131,014
Financial lease agreement renegotiation (fixed assets/leases payable) 47,449 156,424
Actuarial Losses from post-employment benefits - 27,287
Leaseback (Fixed assets/leases) - (35,316)
Forfaiting (forfaiting/loans) - (359,337)
Provision for aircraft return (fixed assets / provisions) 10,326 -
Unrealized result of derivatives (derivative rights/equity valuation adjustment) 415,782 810,199
Capital increase with shares issued to non-controlling shareholders 606,839 -
Constitution of capital reserves 744,450 -
Results on treasury shares disposal 279 -
Treasury shares transfer 19,834 -
69
Information (ITR)
June 30, 2021
36. Liabilities from Financing Activities

The changes in the liabilities of the Company’s financing activities are shown below for the period ended June 30, 2021, and 2020:
36.1. Parent Company
June 30, 2021

Adjustment to profit Non cash transactions
Provision for Unrealized Capital increase Results on
Net cash flows (used in) Net cash flow from
Exchange rate interest and cost derivatives results from non- disposal and
Opening balance from financing operating
variation, net amortization controlling transfer of
activities activities
shareholders treasury shares Closing balance
Loans and financing 7,629,713 1,001,906 (326,520) (334,229) 396,795 (124,954) - - 8,242,711
Share capital 3,009,436 423,061 - - - - 606,839 - 4,039,336
Shares to be issued 1,180 908 - - - - - - 2,088
Shares in Treasury (62,215) 588 - - - - - 20,113 (41,514)
June 30, 2020

Adjustment to profit
Provision for Unrealized
Net cash flows (used Net cash flow
Exchange rate interest and derivatives results
Opening balance in) from financing from operating
variation, net cost
activities activities
amortization Closing balance
Loans and financing 6,595,140 (405,878) (223,770) 2,224,607 286,666 (409,136) 8,067,629
70
Information (ITR)
June 30, 2021
36.2. Consolidated
June 30, 2021

Non cash transactions Adjustment to profit
Property,
plant and
Net cash equipment
flows (used acquisition
Opening
in) from through new Transaction with non-
balance
financing Net cash agreements controlling Exchange Provision for Unrealized
activities used in and shareholders and Amortization Distribution of rate interest and income
operating contractual sale/transfer of with related interim changes, cost (expenses) on
activities amendment treasury shares assets dividends net amortization derivatives Closing balance
Loans and financing 9,976,966 939,729 (378,944) - - (198,270) - (373,966) 453,449 (124,954) 10,294,010
Leases 7,584,192 (524,898) 17,794 478,107 - (8,126) - (296,202) 445,062 - 7,695,929
Dividends and interest on
shareholders’ equity to pay (1) 23,139 (260,131) - - - - 236,992 - - - -
Share capital 3,009,436 423,061 - - 606,839 - - - - - 4,039,336
Shares to be issued 1,180 908 - - - - - - - - 2,088
Actions in Treasury (62,215) 588 - - 20,113 - - - - - (41,514)
Capital reserves 207,246 (744,450) 8,547 - 724,337 - - - - - 195,680
(1) The amount is recorded in the Other liabilities group, in current liabilities.
June 30, 2020

Non cash transactions Adjustment to profit
Property, Debtor
plant, and risk Gains (losses)
Net cash flows Net cash flows equipment recognized in Exchange Provision for Write-offs Unrealized
(used in) from used in acquisition the adjustment rate interest and and income
Opening financing operating through of equity Write- changes, cost contractual (expenses) on Closing
balance activities activities financing valuation offs net amortization amendments derivatives balance
Loans and financing 8,409,841 (250,686) (276,623) 25,974 359,337 - - 2,673,698 351,037 - (409,136) 10,883,442
Leases 6,052,780 (527,902) (4,530) 104,055 - - (120,947) 2,088,048 309,064 156,424 - 8,056,992
Derivatives (127,119) 21,800 (545,300) - - 810,199 - (20,709) - - 101,228 240,099
71

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Parent Company and Consolidated

Quarterly Information (ITR)

GOL Linhas Aéreas Inteligentes S.A.

Parent Company and Consolidated Quarterly Information (ITR)

Comments on the Performance .......................................................................... 2

Operating and Financial Indicators

Volume of Departures and Total Seats

PRASK, Yield and RASK

Final 2Q21 2Q20 Var. 1Q21 Var.

Fleet Plain 2021E 2022E 2023E >2024E Total

Glossary of Industry Terms

São Paulo, July 28, 2021

André Béla Jánszky

Germán Pasquale Quiroga Vilardo

São Paulo, July 28, 2021

Paulo Sérgio Kakinoff

Richard Freeman Lark Jr.

São Paulo, July 28, 2021

Paulo Sérgio Kakinoff

Richard Freeman Lark Jr.

Independent auditor’s report on

Av. Eng. Luís Carlos Berrini, 105 - 12o

To the Board of directors and shareholders of

Conclusion on the individual interim financial information

© 2021 Grant Thornton Auditores Independentes. All rights reserved │ GLAI 9

São Paulo, July 28, 2021

Octavio Zampirollo Neto

Grant Thornton Auditores Independentes

© 2021 Grant Thornton Auditores Independentes. All rights reserved │ GLAI 10

Parent Company Consolidated

Total 6,797,660 6,291,096 11,569,160 12,814,136

Parent Company Consolidated

Non-Controlling Shareholders - - - 640,033

Total 6,797,660 6,291,096 11,569,160 12,814,136

Operating Revenue (Expenses)

Equity Income (Expenses) 15 387,393 (1,572,913) (1,709,777) (3,790,552)

Operating Profit (Loss) before Financial

Financial Income (Expenses)

Financial Income (Expenses) before

Exchange Rate Change, Net 31 460,872 (161,161) 136,123 (882,424)

Loss before Income Tax and Social

Income Tax and Social Contribution

Basic Net Profit (Loss) 26

Diluted Net Profit (Loss) 26

Cost from Services 30 (1,243,943) (502,006) (2,879,188) (3,081,916)

Operating Revenue (Expenses)

Operating Profit (Loss) before Financial

Financial Income (Expenses)

Financial Income (Expenses) before

Exchange Rate Change, Net 31 1,938,545 (570,024) 401,305 (3,513,428)

Loss before Income Tax and Social

Income Tax and Social Contribution

Net Profit (Loss) attributable to:

Basic Net Profit (Loss) 26

Diluted Net Profit (Loss) 26

Other Comprehensive Income that will be

Total Comprehensive Income (Expenses)

Other Comprehensive Income that will be

Total Comprehensive Income (Expenses)

Comprehensive Income (Expenses)

Parent Company and Consolidated

Parent Company Consolidated

Net loss for the period (1,885,490) (4,285,182) (1,847,756) (4,258,690)